According to the World Economic Forum, industry leaders expect a "catastrophic cyber disaster."
According to Cybersecurity Ventures, cybercrime will grow from $3 trillion in 2015 to $10.5 trillion in 2025.
Companies will soon decode our brain waves, according to the 2023 World Economic Forum (WEF) in Davos, Switzerland. A global cyber event is imminent, according to the latest.
During a presentation on the WEF Global Security Outlook Report 2023, WEF managing director Jeremy Jurgens said, “
“The most striking finding that we've found is that 93% of cyber leaders, and 86% of cyber business leaders, believe that geopolitical instability makes a catastrophic
Throw in the great unpredictability of these events—Jurgens referenced a cyberattack aiming at shutting down Ukranian military capabilities,
that suddenly shut down parts of European electrical production—and global challenges are only mounting.
During the presentation, Interpol Secretary-General Jürgen Stock noted, "This is a global threat." “A worldwide response and expanded and coordinated effort are needed.”
He added the rising earnings that various evil "actors" get from cybercrime should inspire world leaders to work together to make it a priority as they face "more sophisticated instruments."
Albania, which suffered a big cyberattack, is now collaborating with larger countries to fight the crooks, providing as a laboratory for others to learn from.
Albania's prime minister, Edi Rama, said during the presentation that the cybercrime sector has grown from $3 trillion in 2015,
to an anticipated $10.5 trillion in 2025, making it the third largest global economy behind the U.S. and China.