Sunday September 20, 2020

Beyond IoT predicts $6 trillion cybercrime market

Emmet Ryan

Technology Correspondent

2nd February, 2020
Richard Linger of Nimbus Technology, Barry O’Connor of CIT; Lauren Knausenberger of the US Air Force, Andrew MacAdam of Microsoft and Brandon Donnelly of Stracos at Beyond IoT

The value of damage caused by cybercrime globally will hit $6 trillion by 2021 according to Lauren Knausenberger, chief technology officer with the US Air Force.

“There will continue to be new threats and new protections to mitigate or avoid them. There will be new protections, and threats will adapt to defeat them,” said Knausenberger.

“Cybercrime is expected to be a $6 trillion market by 2021. As long as it remains profitable, people will continue...

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