Cyberattacks have become increasingly sophisticated, with more advanced technologies than ever at the disposal of cybercriminals.
In 2025, cybercrime damages are expected to reach $10.5 trillion annually, according to Cybersecurity Ventures. These costs stem from numerous factors, including money stolen directly, ransomware payouts, lost business opportunities and impacted productivity, fraud, recovery efforts, regulatory fines, and much more.
Private Internet Access (PIA), a trusted VPN provider with 15 million customers worldwide, states that simplified hacking tools and automated cybercrime services will lower entry barriers for inexperienced attackers. This democratization of cybercrime could lead to a surge in low-skill attacks like phishing and malware distribution.
Groups offering ransomware-as-a-service (RaaS), like LockBit, have made it easier for low-skilled attackers to execute high-stakes cyberattacks.
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