How Your Company Can Fight Cybercrime

How Your Company Can Fight Cybercrime - Gettyimages 1389022084 510643

Between 2008 and 2021, the FBI recorded a 207% increase in cybercrime reports, with losses hitting almost $7 billion last year. This is being driven by a highly professionalized cyber-threat supply chain that is enabling threat actors with little know-how and limited resources to imperil personal, economic, and national security. 

The bad news is that cybercrime innovation hasn’t stopped. According to a new report from HP Wolf Security in the future we could see emerging technologies like AI and quantum computing be abused to line the pockets of criminal groups and further nation-state goals. The key to resistance will be mastering security basics, planning for the worst, and encouraging collaboration across industries.  

The story so far

Criminals have used the Internet since the early days. The 1990s saw hobbyists use Internet Relay Chat to connect like-minded individuals online over topics such as hacking and exploit development. By the late 2000s, the high barrier to entry for…

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This article was written by Alex Holland and originally published on www.inc.com