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Global cost of cybercrime topped $6 trillion in 2021: Defence firm

ROME: The world value of cybercrime topped $6 trillion final 12 months, because the coronavirus pandemic induced on-line exercise to soar, the pinnacle of Italian defence, safety and aerospace big Leonardo mentioned Tuesday.

“New cybersecurity threats over the last two years have been a ‘collateral damage’ of the Covid-19 pandemic and the acceleration of digitalisation it induced,“ Alessandro Profumo said at the opening of the Cybertech Europe 2022 conference in Rome.

“Cyberattacks have grown in number, sophistication and impact — in 2021 the global cost of cybercrime exceeded $6 trillion.”

Leonardo mentioned the figures got here from Clusit, the Italian affiliation for data safety, which had cited a report from US group Cybersecurity Ventures.

Clusit estimated a lack of $1 trillion in 2020.

One fifth of the whole assaults was directed at Europe, Profumo mentioned, however the continent lacked no less than 200,000 cybersecurity professionals.

Speaking to international journalists in Rome final month, he mentioned cybersecurity points had elevated following Russia’s invasion of Ukraine.

“We are noticing further strain,“ mentioned the boss of Leonardo, which has a specialised department devoted to cybersecurity.-AFP

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