By 2024, financial losses from cyber hacks will amount to more than $ 5 trillion

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By 2024, financial losses from cyber hacks will grow by almost 70%. According to researchers from Juniper Research, the damage will increase every year by an average of 11%, and by 2024 will exceed $ 5 trillion. Last year, experts estimated losses from cyber hacks at $ 3 trillion. Companies are increasingly dependent on the digital environment every year, and the damage will increase due to the increase in fines from the legislation for data breaches.

But it is not only the methods of protection that improve over time. Analysts warn that cybercriminals in the future will use artificial intelligence that can independently study security systems. In recent years, AI technologies have been actively used to defend against cyber threats.

Cybersecurity is becoming an increasingly important part of corporate culture, but this trend is not common among users of computer systems. Training employees in the basics of cybersecurity will help to more effectively plan costs in this area, which, according to analysts, will grow by only 8% annually.

The experts also noted that IT companies always need to take into account the human factor, since attackers continue to actively use social engineering methods.
 
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