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Cybercrime is one of the greatest threats to companies and the economic livelihood of individuals. Utilities banks, major corporations, and small startups are all at risk.
Cybersecurity Ventures predicts global spending on cybersecurity products and services will exceed $1 trillion cumulatively over the next five years, from 2017 to 2021.
The impact on society is reflected in the Official 2017-2018 Cybercrime Report, published by Cybersecurity Ventures, a researcher and publisher covering the global cyber economy, and a source for cybersecurity facts, figures, and statistics.
According to the new report, cybercrime will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015. This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, and will be more profitable than the global trade of all major illegal drugs combined.
Thousands of startups have been formed over the past decade to focus on combating cybercrime. The Cybersecurity 500 features the most innovative companies in this market. Companies include Amazon, Google, Lockheed Martin, Siemens, and others. View the full list here.