Cybercrime to Cost $10.5T in 2025: Lessons from Equifax to NotPetya
Cybercrime Magazine has been chronicling major cyber incidents, offering crucial insights into the evolving threat landscape. Recent events, such as the 2017 Equifax data breach and the 2023 $25 million deepfake CFO scam, highlight the growing sophistication and economic impact of cybercrime.
Bernard Marr, a Forbes Contributor, has been analysing these incidents, drawing lessons for individuals and institutions to build resilience against cyber threats. The 2017 WannaCry ransomware epidemic, for instance, demonstrated the global reach of cyber attacks, affecting over 200,000 computers in 150 countries. Meanwhile, the 2016 Bitfinex crypto exchange hack underscored the vulnerability of cryptocurrencies, resulting in a $72 million loss. The 2017 NotPetya Malware attack, attributed to a criminal gang, caused over $10 billion in damages, highlighting the potential economic impact of cybercrime.
Cybercrime Magazine, covering sections like SCAM, NEWS, HACK, VC, M&A, BLOG, PRESS, PODCAST, and RADIO, keeps readers informed about the latest threats and trends. It reports that cyber incidents offer important lessons in cybersecurity awareness and cultural issues. Notably, there's an increasing suspicion of foreign intelligence services being behind these attacks, with 28% of companies in 2024 suspecting their involvement, up from 7% in 2023.
Cybercrime is expected to cause $10.5 trillion USD in global economic losses in 2025, underscoring the urgent need for robust cybersecurity awareness measures. By learning from these incidents, individuals and institutions can better protect themselves against the ever-evolving cyber threat landscape.
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