According to IDC, global spending on cybersecurity this year is predicted to grow by nearly 10% over 2018, topping $103 billion – with large organizations accounting for almost two-thirds of that outlay. However, expert in some quarters predict the total cost of cybercrime could exceed $2 trillion by the end of 2019. With this, we can conclude that the cost of criminal activity is currently outpacing security spend by around 20 times.
Repeating the same cybersecurity techniques over and over and expecting different results is part of the problem. To outpace cybercrime, you need to rethink your security strategy, hence the need to partner with us at Ladlas Prince for a wholistic approach to safeguarding your business from cybercrime.