Economic trends

Chart: Cyber threats are on the rise

The impact of cyber attacks is growing exponentially, making it a growing global issue

Image-Philippe-DP-Cyber-attack

 

Growing internet connectivity through computers, smartphones, tablets and the ‘Internet of things’, combined with exponential user and traffic growth, has compounded the impact of cyber attacks.

In just five years (2010-2015), the number of malware viruses grew 560 per cent, and almost one-third of all viruses ever recorded were produced in 2015.

Cyber threats are now known and are almost a part of everyday online life. As the nature, the reach and the impact of cyber attacks changes, the financial cost, reputational damage and national security risks are likely to grow.

Read more about why cyber threats are a growing global issue in this short note.

 

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