31 Jan CISO Show: Defending Against Cybercrime
in Blogs, Videos
World’s top chief information security officers. Brought to you by KnowBe4
– Steve Morgan, Editor-in-Chief
Sausalito, Calif. – Jan. 31, 2023
The CISO Show is the no. 1 destination for thought leadership on what matters the most in cybersecurity. Chief information security officers from across the globe talk to Cybercrime Magazine about the magnitude of the cybercrime threat, ransomware and other major threats, the cybersecurity market and its solutions, the talent gap and what can be done about it, educating employees on cyber safety and other pressing concerns. Don’t miss an episode! Tune in at CISOShow.com.
Ransomware: The Fastest Growing Type of Cybercrime
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
Ransomware will cost its victims more around $265 billion (USD) annually by 2031, Cybersecurity Ventures predicts, with a new attack (on a consumer or business) every 2 seconds as ransomware perpetrators progressively refine their malware payloads and related extortion activities. The dollar figure is based on 30 percent year-over-year growth in damage costs over the next 10 years. Ransomware is expected to attack a business, consumer, or device every 2 seconds by 2031, up from every 11 seconds in 2021. Watch the CISOs to learn more.
The Cybersecurity Talent Gap
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
There are 3.5 million unfilled jobs globally in 2023, enough to fill 50 NFL stadiums. That’s up from one million positions a decade ago. For the first time since Cybersecurity Ventures has been tracking the market, we anticipate the number of openings to level off. But over the next three years we expect the 3.5 million figure to hold steady. In this episode, some of the world’s top CISOs share their insights on the cybersecurity labor shortage, and how to get more young people, women, minorities, and crossovers from IT into our field.
The Cybersecurity Market
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
The imperative to protect increasingly digitized businesses, Internet of Things (IoT) devices, and consumers from cybercrime will propel global spending on cybersecurity products and services to $1.75 trillion cumulatively for the five-year period from 2021 to 2025, according to Cybersecurity Ventures. In 2004, the global cybersecurity market was worth just $3.5 billion, and now it’s one of the largest and fastest-growing sectors in the information economy. What do the CISOs have to say? Watch!
Global Cybercrime Damage Costs
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
Cybercrime is predicted to cost the world $8 trillion USD in 2023, according to Cybersecurity Ventures. If it were measured as a country, then cybercrime would be the world’s third-largest economy after the U.S. and China. Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm. Watch what the CISOs have to say on this.
– Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.
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