Cybercrime Costs – Loss of Intellectual Property

Cybercrime Costs – Loss of Intellectual Property

Losing intellectual property due to cybercrime can have significant costs for businesses and industries. Intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce....
Cybercrime Costs – Data Breaches

Cybercrime Costs – Data Breaches

  Data breaches are one of the most common and costly forms of cybercrime. The cost of a data breach can vary depending on several factors, including the size of the breach, the type of data compromised, the industry in which the breach occurs, and the response...
Cybercrime Costs – Financial Losses

Cybercrime Costs – Financial Losses

  It’s important to consider that the impact of cybercrime extends beyond direct financial losses. There are also intangible costs such as loss of customer trust, reputational damage, and potential legal consequences, which are not easily quantifiable but...
The Exorbitant Actual Cost of Cybercrime

The Exorbitant Actual Cost of Cybercrime

The Exorbitant Actual Cost of Cybercrime   According to the Cybersecurity Ventures, the global cost of cybercrime is projected to reach USD 6 trillion annually by 2021, up from USD 3 trillion in 2015. This includes direct financial losses, as well as the cost of...
Masquerade Attack – Identity Theft

Masquerade Attack – Identity Theft

Identity theft is a type of fraud where someone steals another person’s personal information, such as their name, identity number, or credit card details, in order to commit financial or other fraudulent activities. Identity thieves can use this stolen...
What Is Malware?

What Is Malware?

Malware is invasive software or computer code designed to infect, damage, or gain access to computer systems.   Some strains of malware target financial data and other sensitive information, and they’re used to commit extortion, fraud, and identity theft. And...