Winning The War On Cybercrime


Unlocking The Ingenuity Of The Crowd: Winning The War On Cybercrime

This week in cybersecurity from the editors at Cybercrime Magazine

–Read the Full SecurityBrief UK Story

Sausalito, Calif. – Jul. 30, 2024

Organizations are putting more of their resources into defending their businesses than growing them, writes Sajeeb Lohani, director of cybersecurity at Bugcrowd, in an article published by SecurityBrief UK.

According to Gartner, total global IT spend in 2024 will nudge $5 trillion, up by 6.8 percent from 2023. The same source estimates 2024 cybersecurity spending will reach $215 billion, a 14.3 percent increase from the previous year.

Spending on cybersecurity is only a fraction of the global cost of cybercrime, estimated by Cybersecurity Ventures at $9.5 trillion in 2024. That’s nearly twice the global annual expenditure on IT.

As long as we continue to wage war on cybercriminals in the traditional way we will continue to lose, posits Lohani. He points out that the superpower of crowdsourcing is that it taps into the human motivation to do the right thing, and that it could have a profound impact on combating cybercrime.

Read the Full Story



Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:

  • SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
  • NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
  • HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
  • VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
  • M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
  • BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
  • PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
  • PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
  • RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.

Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.



Source link