February 28, 2024
The US economy's 'Achilles heel' is causing billions of dollars in losses

The US economy’s ‘Achilles heel’ is causing billions of dollars in losses

  • Natalie Jimenez
  • From New York (USA) to BBC News

A man in a hoodie is typing on a laptop

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Cyber ​​attacks on small businesses will increase sharply between 2020 and 2021

When Elana Graham started selling cybersecurity software to small businesses five years ago, the business was relatively small.

Now, demand is increasing due to the rapid expansion of remote work, which has put small businesses under attack. He says the company’s business has tripled since the start of the year, reaching the highest levels since its inception.

“It’s a completely ignored question. ‘This can’t happen to me, I’m too young.’ “That was the most important news I heard five years ago,” says Graham, one of the founders of Canadian company CYDEF. “But, yes, it’s happening.”

According to Swiss cybersecurity research firm Cyber ​​Ventures, the global cost of cybercrime is estimated to reach $10.5 trillion by 2025.