It isn't what you think.
If it were measured as a country, then cybercrime — which is predicted to inflict damages totaling $6 trillion USD globally in 2021 — would be the world’s third-largest economy after the U.S. and China.
Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined.
Celerit Technologies is an established service provider in technology to the banking and financial services industry for over 30 years. Today, they work with enterprises of all sizes, across multiple industries, deploying agile technology designed to address cybersecurity, compliance, communication and customer experience.
Learn more about Celerit Technologies here.
