Meanwhile, Vikram Phatak, founder of NSS Labs (Texas, the United States), cited World Economic Council data as saying that cybercrime cost US$600 billion in 2018 and will rise to US$3 trillion by 2020. Spending on security was US$124 billion in 2019, and the figure is projected to rise to US$188.4 billion by 2023. “As for the state of cyber security, there is a major skill shortage. We need trained experts, but new attack vectors get people to expose themselves,” stressed Phatak. “Security is harder than people think.” … [Read more...] about Technology application vs. cyber security
