Cybercrime could be defined as criminal activities involving the use of computers and/or the Internet. As the FBI states in their web page: “The FBI is the lead federal agency for investigating cyber-attacks by criminals, overseas adversaries, and terrorists. The threat is incredibly serious—and growing. Cyber intrusions are becoming more commonplace, more dangerous, and more sophisticated.”
In fact, the 2017 Cybercrime Report posted by the Herjavec Group, reported that cybercrime damages will cost the world $6 trillion annually by 2021. Additional highlights of this report included:
Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm.
Cybersecurity Ventures predicts that there will be 6 billion Internet users by 2022, and 7.5 Billion Internet users by 2030. Considering the new devices and application being developed on an annual basis the end result is a growing number of human and digital targets.
Cybersecurity Ventures predicts global spending on cybersecurity products and services will exceed $1 trillion cumulatively over the next five years, from 2017 to 2021. Taken as a whole, we anticipate 12-15 percent year-over-year cybersecurity market growth through 2021.
Cybercrime will more than triple the number of job openings to 3.5 million cybersecurity unfilled positions by 2021, and the cybersecurity unemployment rate will remain at zero percent.
The demand for cybersecurity professionals will increase to approximately 6 million globally by 2019, according to some industry experts cited by the Palo Alto Networks Research Center.
The cybersecurity workforce shortage has left CISOs (Chief Information Security Officers) and corporate IT security teams shorthanded and scrambling for talent while the cyber-attacks are intensifying.
Cybersecurity Ventures predicts that a business will fall victim to a ransomware attack every 14 seconds by 2019, increasing from every 40 seconds in 2017.
Our interpretation of the above facts is that programs like the Certified HIPAA Security Officer (CHSO) offered by Taino Consultants and EPI Compliance are on the right track and will become very attractive for those looking to improve their career outcomes. Training and education has also been identified as the best “Return on Investment” (ROI) for any organization for the next 5 years.
The “EPI-family” also offers a compliance software that not only provides training for all members of the organizations but also provides up to date policies, forms and even a monthly checklist that assist users and organizations with their security efforts.
Considering that global spending on security awareness training for employees is predicted to reach $10 billion by 2027, up from around $1 billion in 2014. Training employees on how to recognize and defend against cyber-attacks is the most under spent sector of the cybersecurity industry.
There is much to be done when speaking about cybersecurity/cybercrimes and even the FBI has jumped on the bandwagon to assist the public at large with the following recommendations:
The take away for everyone is simple: