According to statistics, in 2021 the damages and cost of cybercrime will exceed $6 trillion dollars globally and will increase annually. As technology continues to integrate into our everyday lives, we are seeing a rising trend in cybercrime. Cybercrime is any criminal activities carried out through the internet. Cybercrime can come in many forms. The most common cybercrimes are phishing and hacking. Cybercrimes usually involve illegally obtaining a person’s identity and sensitive data and information. Most cybercriminals normally try to target small businesses and corporations because of their plethora of records and information on their clients and customers.
Hacking and cybercrime was originally known as more of a vigilante cause and usually hacked political figures or organization for a type of justice or "revenge for the people" mindset and motive. Now days, this is not the case. Cybercrime and hacking has turned into a new outlet for organized crime. Today, cybercriminals are usually committing these acts strictly for financial gain and with no revenge plot, strictly crime. This is important to realize and to take into consideration. Cybercriminals are looking for a payout and a way to go virtually unseen.
As technology continues to progress, cybercriminals will become more knowledgeable and have the ability to strike harder. Cybercrime is on the rise because of the ease of access, ability to find mistakes in complex coding, and is low profile. Cybercrime is easy to hide and destroy most evidence, making it hard to find and prosecute cybercriminals.
Cybercrime is no joke. According to statistics, 50% of small businesses in the US have had some type of cybercrime incident happen within the last 12 months. This is a considerably a high statistic. This puts into perspective how important it is for us to be mindful about safe internet practices and up-to-date on cybersecurity practices.
Cybersecurity is very important to invest in as a person and a business. Cyber insurance has been very common with businesses and individuals. Cyber insurance insures you from any type of breach and helps you quickly recover and be back on your feet. It is also recommended to use VPNs and Faraday cages to protect your WI-FI and to block signals to your devices when they are not in use. Having the ability to block all signals to your phone or laptop, gives you peace of mind and the ability to bring your devices anywhere. Silent Pocket’s Faraday Laptop Sleeve is perfect for traveling to and from the office with your laptop. This ensures your laptop’s data is safe and unable to be extracted.
There are many repercussions and consequences for data breaches and identity theft for individuals and corporations. Recovering from cybercrime isn’t easy. Victims of cybercrime can not only lose money from legal fees and lost wages, but they can also have their reputations slander which you can’t put a price on lost trust. Take preventative measures and have a little bit more peace of mind.
To read "Cyber Insurance: Why Your Business Needs It", click here.
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