Handling cybercrimes through public-private partnership model
According to a report by Cybersecurity Ventures, cybercrime is projected to cost the global economy a staggering $10.5 trillion annually by the end of 2025, up from $3 trillion in 2015.
| Photo Credit: Sebastian Francis E
In recent years, cybercrimes have skyrocketed, becoming one of the most pressing challenges for governments, organisations, and individuals worldwide. According to a report by Cybersecurity Ventures, cybercrime is projected to cost the global economy a staggering $10.5 trillion annually by the end of 2025, up from $3 trillion in 2015. This exponential rise is fuelled by the increasing sophistication of cyberattacks, ranging from ransomware and data breaches to phishing and identity theft.The r...