Cybersecurity in Crisis: How to Combat the $10.5 Trillion Cybercrime Surge

This week in cybersecurity from the editors at Cybercrime Magazine –Read the Full Story in The CTO Club Sausalito, Calif. – Nov. 14, 2024 With global cybercrime costs projected to reach $10.5 trillion annually by 2025, according to Cybersecurity Ventures, organizations across industries are feeling the The post Cybersecurity in Crisis: How to Combat the $10.5 Trillion Cybercrime Surge appeared first on Cybercrime Magazine.

Nov 14, 2024 - 16:09
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Cybersecurity in Crisis: How to Combat the $10.5 Trillion Cybercrime Surge
This week in cybersecurity from the editors at Cybercrime Magazine

Read the Full Story in The CTO Club

Sausalito, Calif. – Nov. 14, 2024

With global cybercrime costs projected to reach $10.5 trillion annually by 2025, according to Cybersecurity Ventures, organizations across industries are feeling the pressure to stay ahead of evolving threats.

An article published in The CTO Club gathers expert perspectives on the most pressing cybersecurity challenges of 2024, including AI-enhanced cyberattacks, data breaches, and human factors in security.

This year alone, we’ve seen a staggering 57 percent increase in ransomware attacks, with threat actors employing more sophisticated methods to breach systems, hold data hostage, and disrupt business operations.

Perhaps most alarming is the rise of AI-enhanced cyberattacks, where malicious actors are leveraging machine learning to automate attacks, making them faster, more effective, and harder to detect. Meanwhile, the challenge of securing remote workforces continues to dominate discussions, with 43 percent of businesses still struggling to protect endpoints as employees access sensitive data from personal devices.

The CTO Club provides key insights from Cybersecurity experts to help discover actionable strategies to fortify your defenses.

Read the Full Story



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The post Cybersecurity in Crisis: How to Combat the $10.5 Trillion Cybercrime Surge appeared first on Cybercrime Magazine.

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