The Impact of Cyber Attacks Around the Globe
With the rise in global crime, the need for sound investment in preventative measures continues to escalate and affect both developed and developing countries. According to Forbes, the global cybersecurity market reached $75 billion in 2015, and it is estimated to grow at a rate of 9.8 percent annually from 2015 to 2020. Predictions indicate that by 2020, global investments in cybersecurity will reach $170 billion in spending costs.
Fiscal investment can vary from country to country, depending on their level of technological sophistication. The more technologically advanced a country is, the more susceptible they may be to the potential risk of cyber attacks.
Take a look at the map below, and check out the differences in capital lost from cybercrime attacks across the globe. You may notice the leading spenders of the world are the United States and Europe.