We recently asked investors to share their concerns regarding their finances and investments. Cybercrime was high on the list. It’s a valid concern. Hardly a day goes by where we don’t read or hear about a security breach somewhere in the world. But what is not always discussed, is what that represents.
A recent report from the latest Economic Impact of Cybercrime report by the Washington-based Center for Strategic and International Studies and McAfee, estimates that cybercrime may now cost the world almost US$600 billion a year — with financial institutions being a prime target.
The threats of phishing, ransomware and software vulnerabilities are real and they’re here to stay. Criminals are getting smarter and more sophisticated every day. But the same can be said for cybersecurity Read More »