Cyber crime is the tragic reality that came along with the world’s advances in technology. In fact, it is so comprehensive that it costs businesses and individuals over 100 billion in losses every year. Sadly, 600,000 Facebook accounts are hacked every. single. day. Here is a breakdown of the number of victims of cyber crimes and cyber attacks:
- 556 million victims each year.
- 1.5 million victims each day.
- 18 victims every second.
- 232.4 million identities exposed.
As a result, the cyber security market is predicted to grow to about $120.1 billion by 2017. That is almost double the $63.7 billion it reached in 2011. Cyber attacks can come in various forms, which include:
- Viruses, worms and malware.
- Criminal insiders.
- SQL injections.
- Hardware theft.
- Phishing.
- Web-based attacks.
Threats come from all over the world. However, the leader in cyber attacks is Russia. Here are the numbers from several nations as of 2013:
- Russia (2.4M).
- Taiwan (907,000).
- Germany (780,425).
- Ukraine (566,531).
- Hungary (367,966).
With these sobering figures, the question as to what is being done about it. Well, recently, two tech and mobile giants announced a partnership to improve cyber security management.
Courtesy of KPF
American behemoths IBM and AT&T will jointly offer a service to improve network infrastructure, analytics and cloud management. The combination helps to cover any holes left when businesses decide to utilize disjointed security options. The partnership is notable given the fact that cyber attacks cost companies billions of dollars every year in addition to adversely affecting reputations.
The IBM and AT&T security features will include a decrease in complexity, augmented control over varying IT environments and a lowered need for hardware, software, licenses and maintenance. At its heart, this is about making cyber security strong yet still simple enough for businesses to implement across the board.
On AT&T’s side, they will offer:
- Network-based firewalls.
- Web filtering.
- Secure email gateways.
- Distributed Denial of Service protection services.
IBM will offer:
- Network security consulting.
- Security monitoring and threat intelligence.
- Emergency response services.
Given the depth and size of each company, it is expected that their relationship will provide one of the most comprehensive security packages in the industry. Moreover, their model may serve as a leader for similar types of associations in the future. What are your thoughts on cyber crime? Do you think we’ll ever have the ability to nip it in the bud? Let us know in the comments section below!
By
Emily Frost
I’m tired of cyber crimes! We need more partnerships like this one.