CyberSecurity International Symposium

According to the Center for Strategic and International Studies (CSIS) and McAfee, cybercrime currently costs the world almost $600 billion each year, or 0.8% of global GDP – up from almost $500 billion in 2014. Research firm Cybersecurity Ventures estimates that the global cost of cybercrime will grow from $3 trillion in 2015 to $6 trillion annually by 2021, which includes damage and destruction of data, stolen money, lost property, intellectual property theft, and other areas. As Ginni Rometty, IBM Corp.’s Chairman, President and CEO observed, “Cyber crime is the greatest threat to every profession, every industry, every company in the world.”