Dec 2020 – Cyber Business Booming

Here at Consult MB Ltd, despite COVID-19, we’re still doing OK serving our customer base in Somerset, Bristol and the South West. Elsewhere though, we hear cyber business is booming, unfortunately the wrong type of business. The “Hidden Costs of Cybercrime” report by McAfee says the global cost of cybercrime is now around one trillion US dollars, up 50% on their 2018 estimate. It comes as no surprise that the most costly types of cybercrime are: malware & spyware, phishing, ransomware, financial cybercrime and cryptocurrency theft.

The McAfee report also makes the sort of common sense recommendations that we endorse and can assist you in adopting. These include, implement basic security measures, provide awareness training and develop prevention and response plans. Please contact us if you’d like to learn more.