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Cybercrime: The Growing Global Threat

It is estimated that businesses around the globe lose more than $1 trillion in intellectual property due to data theft and cybercrime per year1.

Thanks to the Internet, the personal computer and other technological advances, cybercrime is becoming a truly global phenomenon. Online fraud and crimeware software development is a growing, multibillion dollar worldwide industry. Its perpetrators are well organized, sophisticated and transnational, often operating in rogue nations outside of developed countries’ established jurisdictions. Cybercriminals are brazen social engineers, skilled in duping targets into providing sensitive information and security credentials, such as passwords or user IDs. They attack corporations, governments and individuals, seeking the “softest” targets with the highest opportunity for gain.

Not only does cybercrime have no borders, it also requires no firearms and getaway cars. In this age of electronic banking, the prize is information—digital money. It is as lucrative as gold, diamonds or crude oil, and it's traded internationally. It is estimated that businesses around the globe lose more than $1 trillion in intellectual property due to data theft and cybercrime per year.1 Companies may be grossly underestimating the value of their intellectual property as well as the serious economic impact if it is stolen.

Read the full white paper to learn the latest tactics of digital pirates and privateers—and how to protect your business or organization from attack.

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