As cyber threats intensify, security and finance professionals need to align on strategies now more than ever. Credit: iStock By Sean Duca, vice president and regional chief security officer for Asia Pacific and Japan at Palo Alto Networks Some economists predict that we could soon face a global recession. Looking at history, this does not bode well for levels of cybercrime. However, there is some evidence that macroeconomic conditions can impact cybercrime. In times of economic downturn, for example, cybercrime may increase as people turn to illegal activities to make money. During the 2008–2009 Global Financial Crisis (GFC) and subsequent recession, researchers noted that cybercrime rates increased dramatically. Their report focused exclusively on financial cybercrime, including identity theft. It attributed the rise to the proliferation of new technologies in regions around the world, with many more people than ever before possessing IT skills. Adapting to an evolving cybercrime landscape Cybercrime is constantly evolving. To keep ahead of cybercriminals, organizations must remain agile, pivoting to embrace new strategies and technologies whenever necessary in order to outrun attacks. When businesses are struggling due to the recession, there’s a strong temptation to look for ways to cut spending. This is the time […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
