Foreword: Cyber risk is higher than ever
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The cybersecurity landscape is complex. Today’s always-connected world offers many opportunities for cyberattackers to disrupt countries, organisations, and individuals.
A challenging worldwide geopolitical environment, exacerbated by the Covid-19 pandemic and the Russia-Ukraine conflict, has given cyberattackers an uneven playing field, which they actively exploit.
Those not after money are often motivated by revenge, and these types of attacks typically involve a disgruntled employee or disaffected customer. Other threat actors include hacktivists trying to gain attention for their cause, terrorists intent on damaging critical national infrastructure, or nation-states using cyber warfare against other countries.
Cyber risk is higher than ever, and the consequences of attacks are significant. According to Cybersecurity Ventures, global cybercrime will reach $10.5tr annually by 2025. Tackling this issue requires investment, and GlobalData forecasts that cybersecurity revenues will reach $344bn worldwide by 2030.