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Cyber crime costs in 2025 are expected to reach $10.5 trillion in 2025 with some industries being more vulnerable to cyber attacks than others, according to embroker.com. Companies that hold sensitive data or personally identifiable information are common targets for hackers. Businesses or organizations that are most vulnerable to cyber attacks include banks and financial institutions, healthcare institutions, corporations with inclusive data such as product concepts, intellectual property, etc., and higher education institutes, which hold information on enrollment data, academic research, and more.
According to digitalinformationworld.com, cybersecurity next year will be characterized by several major trends: A continuing incline in malware cybersecurity threats, with ransomware being a particularly expected form of them. An increase in attacks via the Internet of Things (IoT). Additionally, cyber criminals will move from identity theft to identity fraud. There will be increases in supply chain attacks. Criminals will drive victims to use payment apps, digital wallets and peer-to-peer services as part of scams.
But we can also see a rise in preventive measures to better counter cyber attacks. A rise in AI-based cyber security, with the technology becoming more and more sophisticated as machine learning develops to prevent all sorts of conducted attacks.
Prepared to dive into the world of futuristic technology? Attend INNOTECH 2023, the international convention and exhibition for cyber, HLS and innovation at Expo, Tel Aviv, on March 29th-30th
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