According to the Verizon Data Breach Report for 2020, the financial market for cyber-attacks is US$13B globally. The increasing reliance of information-age economies and governments on cyber (computer-based) infrastructure makes them progressively more vulnerable to cyber-attacks on their computer systems, networks, and data. In their most disruptive form, cyber-attacks target the enterprise, government, military, or other infrastructural assets of a nation or its citizens, usually for a monetary gain. Both the volume and sophistication of cyber threats (cyber warfare, cyber terrorism, cyber espionage, and malicious hacking) are monotonically increasing, and pose potent threats to enterprise, government, military, or other infrastructural assets around the world. Knowing that to be forewarned is to be forearmed, we are well advised to effect strong Cybersecurity defenses that will thwart rapidly evolving cyber threats. Cybersecurity Forum, 2021.
