SCAM NEWS REPRINT: Cybercrime Damages $6 Trillion By 2021
Cybercriminal activity is one of the biggest challenges that humanity will face in the next two decades
The cybercrime prediction stands, and over the past year, it has been corroborated by hundreds of major media outlets, universities and colleges, senior government officials, associations, industry experts, the largest technology and cybersecurity companies, and cybercrime fighters globally.
The damage cost projections are based on historical cybercrime figures including recent year-over-year growth, a dramatic increase in hostile nation state-sponsored and organized crime gang hacking activities, and a cyberattack surface which will be an order of magnitude greater in 2021 than it is today.
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 cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.
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The 2017 Official Annual Cybercrime Report is sponsored by Herjavec Group, a leading global information security advisory firm and Managed Security Services Provider (MSSP) with offices across the United States, Canada, and the United Kingdom.
TAGS: Scams, Scammers, Scam News, SCARS, Cybercrime, Cybercriminality, Cyberattacks, Cybercrime Losses
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How Do You Properly Report Scammers?
It is essential that law enforcement knows about scams & scammers, even though there is nothing (in most cases) that they can do.
Always report scams involving money lost or where you received money to:
- Local Police – ask them to take an “informational” police report – say you need it for your insurance [use caution, not advisable in all countries]
- Your National Police or FBI «www.IC3.gov» OR from within the U.S. «tips.FBI.gov»
- The Scars Worldwide Reporting Network «HERE» or on «www.Anyscam.com» [available anywhere]
This helps your government understand the problem, and allows law enforcement to add scammers on watch lists worldwide.
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