Cybercrime Damage Projected to hit $6 Trillion Annually by 2021 - National Information Solutions Cooperative (NISC)

Cybercrime Damage Projected to hit $6 Trillion Annually by 2021

More than half of all data breaches globally to occur in the United States by 2023, due to the amount of consumer and corporate data stored across the country. (Juniper Research :: 2018 Study)

Ransomware attacks are growing more than 350 percent annually. (Cisco)

According to Cybersecurity Ventures, damage related to cybercrime is projected to hit $6 trillion annually by 2021. That statistic alone is unnerving. Staying safe online and protecting your valuable data and personal information is a struggle for both businesses and families alike. As cybersecurity efforts evolve, so do the tactics of cybercriminals. It is imperative to realize the range of threats go far beyond phishing emails. Apps containing malware, unsecure WiFi networks and hotpots and unlocked devices are increasingly common methods cybercriminals use to gain access to your information.

The cornerstone of cybersecurity is education.

October has been named National Cybersecurity Awareness Month, and t help promote the importance of being safe online, NISC is once again offering the NISC CyberSense educational kit for NISC Members and national partners to share with their customers, members and subscribers. Driven by the cooperative principles, NISC leveraged the NISC Cybersecurity Services knowledge-base to create this free tool kit that includes educational animations, social media options and other marketing materials such as bill inserts and retractables to help share the message of cyber security awareness and safety. The printed materials are also designed to allow you to cobrand by placing your organization’s logo in the artwork. From your staff to your customers, all will benefit from cyber threat education and learn tips and tricks to prevent becoming a victim of online crime.

Cyber threats are everywhere, and it is critical to be educated on the best ways to protect ourselves and our businesses. It is imperative for organizations to realize that they are a potential target regardless of size, industry or locations. Having a cybersecurity strategy is critical, including staff training, detection and response solutions, endpoint protection, perimeter defense tools and vulnerability management solutions.

NISC’s expertise in cybersecurity extends into its software, with a full suite of solutions designed to help protect your valuable data. To learn more about how NISC can help you protect your organization from cyberattacks, please reach out to NISC’s Cybersecurity Services Team at cybersecurity@nisc.coop.