In 2031, the global loss caused by blackmail software is estimated to exceed 265 billion US dollars From Cybersecurity Ventures

The following is the In 2031, the global loss caused by blackmail software is estimated to exceed 265 billion US dollars From Cybersecurity Ventures recommended by recordtrend.com. And this article belongs to the classification: network security.

Cybersecurity ventures pointed out in the forecast report released in 2017 that the losses caused by software blackmail in 2017 will reach US $5 billion, which is higher than US $325 million in 2015, and has increased 15 times in just two years. Losses are expected to reach $8 billion in 2018, $11.5 billion in 2019 and $20 billion in 2021 – 57 times more than in 2015.

Although the authorities have recently successfully smashed several extortion software gangs, this special malware has been proved to be a “nine headed snake”. If one head is cut off, several heads will appear, and all signs show that there will be no less problems in the next decade.

Cybersecurity Ventures   It is predicted that by 2031, the victims of extortion software will lose about 265 billion US dollars every year. As the criminals of extortion software gradually improve their payloads and related extortion activities, there will be a new attack every two seconds. The dollar figure is based on a 30% year-on-year increase in damage costs over the next 10 years.

This means a significant acceleration compared to recent years, when fragmented blackmail software was gaining momentum and drawing money from a largely uninformed world.

Last year, the Internet crime complaints Center (IC3) of the Federal Bureau of investigation set the loss of blackmail software at $29.1 million. According to its latest Internet crime report, 2474 formal complaints about blackmail software were filed through the organization last year alone. These losses are limited to ransom payments and do not include other costs associated with cyber attacks.

More reading from cnBeta: cybersecurity ventures: 2015 global network security market report Lumu: 2020 blackmail software impact and enterprise response cost information chart pandaLabs: 2015 Q2 global new malware 21 million kinds idcps: in the fourth week of July 2014, the number of hosts infected with network viruses in China is about 770000 cybersecurity insiders: 2017 blackmail software Report PalmO Alto networks: the average ransom payment for blackmail software in 2021 increased by 171% mimecast: as many as 61% of companies will be impacted by blackmail software in 2020 The biggest threat of all coveware: Q4 blackmail software costs will drop to $154108000 in 2020, down 34% year on year $100 million ransom

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