Cybercriminals can attack through your connected fridge or lightbulb
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Nordea On Your Mind Cybercriminals can attack through your connected fridge or lightbulb 14-06-2023 For the latest Nordea On Your Mind report on cybersecurity, the team was keen to include a law enforcement perspective on cybercrime. They spoke to Philipp Amann, former Head of St
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The increasing prevalence of cybercrime poses significant risks to corporations globally, a theme underscored in Nordea's recent report. Per the full note, global costs associated with cybercrime are estimated to hit USD 8 trillion annually, equating to about 20% of the S&P 500 market cap. This surge in costs is reflective of a wider trend where nearly 90% of the world's population is expected to have internet access by 2030, fueling opportunities for cybercriminals. As companies navigate this evolving threat landscape, we anticipate a growing demand for cybersecurity solutions, which could impact currency valuations linked to affected sectors.