{"id":384228,"date":"2020-11-18T11:06:14","date_gmt":"2020-11-18T16:06:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384228"},"modified":"2020-11-18T11:06:14","modified_gmt":"2020-11-18T16:06:14","slug":"cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\/","title":{"rendered":"Cybercrime To Cost The World $10.5 Trillion Annually By 2025"},"content":{"rendered":"<h2>\nEvery U.S. business is under cyberattack<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">PLANO, Texas, Nov.  18, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=STDUzdsybEeSEfdFiDZMlwGEvC-o7BtU0I3lUKiY5VbpM4JunLFMUg7i4ctIp1Gj_H4-xojLL-oT1BWOR57maruA5gtwIGUc0hZ4fXetazEInxmDPPOEIhT6utHy27SGZ3jM6o2MLDlhNziqsAC_kzkl_sTRPHzZ12bYN34fTPPH-ARCdvMIR8jskksDhGe_aF95FS78ckTxEp4pdVpuRkrCClxwtRne_oaVNk3KJEg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Cybersecurity Ventures<\/a>\u00a0predicts global cybercrime costs will grow by 15 percent per year over the next five years, reaching <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DhtyKzxSN7KeCW8G-htDSuKIuoUUgn0o30sx0zC2lxxIqy_SvwNuJTrX_rg8UO7XD65tf1oHiGRb582c462AOV-OafNnGPsXSWq-zHaQ-bTreNFIaUQPux6DznjPN5CYlOLche3TFhC22VZtQwNqSfzg0EDQrCAgT49ti2O6AD6gwrKcdff7G89_Nu46SIQm6rJX39ubMOdrJ11XmBLnFpU_gAI3x3QMNeWbVqh2JebI923nn5FTS85TAXo8_dCmxfUj0s2ovt5GMjejQ5ThYkdk5HyLia4UPHdANxn4ouFtYM2kwd6XfBDiSWnU6LvD\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>$10.5 trillion USD<\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=--iYDLv6DdzT1HbepU3YC53e2N63n1KI3-DTtNl_3_Fua9AyuGXxcwXIgX4kFqBgpHXtXGktnSdVKi-2fLNIG4Q4eh827SW8yJ2pqQ4v6aK1OLDfO882KCpyOWRYA8JUa7phWFX76IsUBXb0-axT-1acMKjWz0mObAmdMr6fDTHUSgt-LHvhfkJfQV_ty6zBL1Lkk40MUcXgW68bHi-_kCavKvjjXBMG-DvYQC2Pm_zO9TQMa-F41gEowraLavQqSl4q-MiakPbheeLJfCgjTfsRQZ51KtqA1T8u8YR1k0w3DDoHVvQbRcRb8lHp-hAo\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"> annually by 2025<\/a>, up from $3 trillion USD in 2015. This prediction is part of a special report conducted by Cybersecurity Ventures and sponsored by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aGAurZh4W68QyX_501eT4ZA7vu4-x0T20WL35kiVrqhaYSc9XMeSequsgjYKDvRvhsfNAQN8N2mCIS232bVqsw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>INTRUSION<\/strong><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Iznx4W02-OB3K3ymYgeBao2kWajK1rXi2A05MIT7DXSCIhO5lK_OiXxlbeBgAdA6rYxKUOxpQ-FldyUGqFwdUQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">, Inc<\/a>. (NASDAQ: INTZ).<\/p>\n<p align=\"left\">This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined.<\/p>\n<p align=\"left\">&#8220;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,&#8221; says <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JBVkm4M1Md6QMrkAjNRZxsOrWMJX3dTM7DPz38_jGkQFmqVQjvXN5fD2qPdEkG-pVan9AYy2u87OwzlLWR92xHdGInDQvMd2gCdLkdxxBdm9ZWQB98mSt8TtbzFEkw-o1cJj2Uqz5WHg7aB97qCCOP9jn-my9E3GbvExGobv009BjC1PNGCS5IR4AUF6kK_WAmqjVrkTP72XaN0wqo6I82dSKv3ZF_D1oeyYmidfPlE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Steve Morgan<\/u><\/a>, founder of Cybersecurity Ventures and editor-in-chief at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mtv23p2HUo65EYSYLTrpjh5nXFeZZN8YQcRC4-W0vqs_ZJU7xHiGm9T-sUrAVuIQeb7gSOhYKDS1v0TCngCKCBD9jHdKjdjBXvk7gHorUPgjoHHqztYXUl94rK0NsbqI45o7stHzQ8HXtFAo8acU3OZL5aOdcxv0uy5QvNneQW3V-9wnpbfDqMyA_6NtsLP8CcaMKFpx3RKpXWJnk7nTeefwd1qriq5OmZuVoOsl43Q=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Cybercrime Magazine<\/a>.<\/p>\n<p align=\"left\">&#8220;Cybercriminals know they can hold businesses \u2014 and our economy \u2014 hostage through breaches, ransomware, denial of service attacks and more. This is cyberwarfare, and we need to shift our mindset around cybersecurity in order to protect against it,&#8221; says <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WmL58iSKQxc47-w7njc_NK5CiZLH9tgx389Xw0nZgppmYFzhSFPxz2jHk-AkiA6CT0li0Gijq4KKtuTtUQmnQ09xdrKE_vrASDvirNX7f_ShhuhSzj38_j2GQmW8B2vHyhC-kgY4YImYs57xiSMm3PS7P0t9pwqkQccvWrIDrDadbrUKrJzrTcTmBJiEgkF8O0k7fNp9SJXZ2vzbxhtFHnJWypyELpb5L9fAYwbkDoQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Jack B. Blount<\/u><\/a>, President and CEO at <strong>INTRUSION<\/strong>, Inc.<\/p>\n<p align=\"left\">Organized cybercrime entities are joining forces, and their likelihood of detection and prosecution is estimated to be as low as <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CR08JQL0gf0u4gokvqneNSe175AG6SGsJhtm7LmfBKa7Q4gSfo0CYTrcZy0eEoSWc3Oz2yxjP5pd9ZC06E3Sp8ew9csP90LvPTiGZrGFMZBnNJVoRRgr_Z3TsoWPqknsTHZBBfYlmwqrPBDwuNYtUj-UshXDebcIcLMn0sc4kTdtgoUb6OHbrUQCw1ks_Vi332Oep8UGcL_LY0ghKbLuePnWSQZLJzL1CmceRPjJrjg2T-hw_PBH5DsaATEKX9BL\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">0.05 percent<\/a>\u00a0in the U.S., according to the World Economic Forum&#8217;s 2020 Global Risk Report.<\/p>\n<p align=\"left\">&#8220;Every American organization \u2014 in the public and private sector \u2014 has been or will be hacked, is infected with malware, and is a target of hostile nation-state cyber intruders,&#8221; adds Blount, who is also the former CIO at the United States Department of Agriculture (USDA).<\/p>\n<p align=\"left\">Blount&#8217;s assertion is backed up by some of the nation&#8217;s top cyberwarfare and cybersecurity experts, and Fortune 500 chief information security officers, in a <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gDhjoqHe2_LMImRxLaN0s7qPx9baxDZopxbB8rDRp0Elfny6aIIry_9GhUPb3-xzf1nq55vHOynOOuVpPa0OCrN22uR3ljmwLXzq3KbEmwaEZaUMYmp6OVXDh4TKT4O29wmXfqgGHk7vF03kfxUPne41Cmsh2tdCX7Z_Sb65acMpDzc8re0qK9x08MMFlPwwYO8tkxz6-rEInQjWyCD_6zWFXVDiItF3OJDIQDMfW6IOldoFwp6UvPPNaRivgqh0MOtwE455_ke4Tcrdk1PlMw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">roundtable discussion<\/a>\u00a0which recently aired on the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mtv23p2HUo65EYSYLTrpjkuGLdtcH1g0Jo2NGfgkyuhoQ2ldrz_fC18tJTyw8GxtSneuAyuT3dr3kg3kVO2GJa8F_jzYzjxt4253grgjozbH5XQb3oRu2I9vWLUjBSEjFYwfQTo65ogubH9AEMw3DmYzdBeAffVoulA0I8CV332bbiuneH7w548LQBu-Aqxe5Ov984SbO31O3oKhuMHPUAbTDHJTPtjU4jPYdFkmXfLlVf91Rm_3-emh6rAHsAQONBP0IpBw7bVKi88qsK-sPw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Cybercrime Radio podcast channel<\/a>.<\/p>\n<p align=\"left\">Cybersecurity Ventures and <strong>INTRUSION<\/strong>, Inc. have partnered on a series of initiatives aimed at providing thought leadership and guidance to CISOs and cybersecurity teams in the U.S. and globally.<\/p>\n<p align=\"left\">\n        <strong>About<\/strong>\n      <\/p>\n<p align=\"left\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=STDUzdsybEeSEfdFiDZMlwGEvC-o7BtU0I3lUKiY5VbDGIkwbcc0FNSTrTG_QYjlGgI62kTPmsll8QtwwJdYmWipeQm4QiVM9TpLleMmKfV9DLB4r3jpxOoJIUB5aHrL6WP-dT-KBaOhVPUIHHlLxyr9JKHglmY2MUxy800uTLLZ5bmk6RroprmOxpdRjk8LCBoRSgbxPiC1PM9lv0-mCJAHAA7zb3BGg6kK3bcOzuI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Cybersecurity Ventures<\/a>\u00a0is the world&#8217;s leading researcher and publisher covering the global cyber economy, and a trusted source for cybersecurity facts, figures, predictions, and statistics.<\/p>\n<p align=\"left\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aGAurZh4W68QyX_501eT4eGcSnMnoOILiNOme_RPrliiGzdpNnYNiDrFgLSdhWBjmlLoErjGv4y0yRa3I_vFTLWzoRAH7CxsX9w4Jqw14fxgB9bGpL9RxhlY5WPTJOzqmyHKpAxeW8A1qPm4ilUnseDkrajq7eJILmV6jA1uWyWizXM2v9a2RmeVqr7YRA7V\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>INTRUSION<\/strong><br \/>\n        <\/a><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_rU2sYe3kK7W_aOPc45__GSZhm8wuXu4oVippkb_nrCUTI7By8TzPAFmbZgKDu_uoNDvhmGZDAaisTF9E9r9W7VcBGYTSAzWg48klwy5E1NYzH--icxUhM7EhZJEvXosN8eObE6gDJi31RFdyy8NgY4leUxsnMGOy0lRzDIaE9p3YdVnvrFSLJGV-nFDhxZH\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">, Inc.<\/a>\u00a0is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products.\u00a0<\/p>\n<p align=\"left\">Related Links<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QDF33xFX0hPi9fmzgudzCnTSdg7A-QnfYLTbwlMr6cRKc5fjKkJuj90MSaSJWOfzoitGU9x4XZboEmG4ClmqHwe9_tWcGoZyc7fiDKl5DMcZ6-jijW5BUHUGcvNpRDELJBpYs0LznnJ4aEJL8I1tPQ53CHENigKn4Jz70eSKOhMnDsFA_n_VIe9MroV_yeGDkLI8qw9AVJRpVU5ub9k8xqBQoM87xvib06r7GCQICgcY8WFQXImRKqLsuHq3byWR6mXRwGwf1wAXp7xxUDdKKw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/cybersecurityventures.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QDF33xFX0hPi9fmzgudzCgFglL6NE5WCOH-VoiaaHSwsmsrsRR3ooIbRExEotz3me83lLxfQg34NcbzzcmuB-8P4tk2ZSXJRWdUIaKLeKknlGvEE1prEHgsDgjaYO5KImkKxOZhPcWsECrJ4a26G8tlrxl_N5UwV5NmqP7ULoSfjf-6xgjtVzZGnTWhqp7FanlDCMZwvODjefEqZYH1h5iLHMFqF1dpAxN4n49R4BFI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/intrusion.com<\/a><\/p>\n<p align=\"left\">\n        <strong>Cautionary Statement Regarding Forward Looking Information<\/strong>\n      <\/p>\n<p align=\"justify\">This release may contain certain forward-looking statements, which reflect management&#8217;s expectations regarding future events and operating performance and speak only as of the date hereof. These forward- looking statements involve a number of risks and uncertainties. These statements are made under the &#8220;safe harbor&#8221; provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, risks that we have detailed in the Company&#8217;s most recent reports on Form 10-K and Form 10-Q, particularly under the heading \u201cRisk Factors.\u201d<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong>Company &amp; Media Contact<\/strong><br \/>\n            <br \/>Julia Kramer<br \/><a href=\"mailto:jkramer@intrusion.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">jkramer@intrusion.com<\/a><br \/>P: 972-301-3635<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODUyMCMzODMzODQxIzUwMDA3NTYyOQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/8388a3fc-44fb-421f-a1f7-3691ca60d803\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Every U.S. business is under cyberattack PLANO, Texas, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Cybersecurity Ventures\u00a0predicts global cybercrime costs will grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. This prediction is part of a special report conducted by Cybersecurity Ventures and sponsored by INTRUSION, Inc. (NASDAQ: INTZ). This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined. &#8220;Cybercrime costs include damage and destruction of data, stolen money, lost &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cybercrime To Cost The World $10.5 Trillion Annually By 2025&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384228","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cybercrime To Cost The World $10.5 Trillion Annually By 2025 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cybercrime To Cost The World $10.5 Trillion Annually By 2025 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Every U.S. business is under cyberattack PLANO, Texas, Nov. 18, 2020 (GLOBE NEWSWIRE) &#8212; Cybersecurity Ventures\u00a0predicts global cybercrime costs will grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. This prediction is part of a special report conducted by Cybersecurity Ventures and sponsored by INTRUSION, Inc. (NASDAQ: INTZ). This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined. &#8220;Cybercrime costs include damage and destruction of data, stolen money, lost &hellip; Continue reading &quot;Cybercrime To Cost The World $10.5 Trillion Annually By 2025&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T16:06:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODUyMCMzODMzODQxIzUwMDA3NTYyOQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cybercrime To Cost The World $10.5 Trillion Annually By 2025\",\"datePublished\":\"2020-11-18T16:06:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\\\/\"},\"wordCount\":526,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4ODUyMCMzODMzODQxIzUwMDA3NTYyOQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cybercrime-to-cost-the-world-10-5-trillion-annually-by-2025\\\/\",\"name\":\"Cybercrime To Cost The World $10.5 Trillion Annually By 2025 - 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This prediction is part of a special report conducted by Cybersecurity Ventures and sponsored by INTRUSION, Inc. (NASDAQ: INTZ). 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