Cybercriminals make an estimated $1.5 trillion every year from cybercrime. Most of that can be traced back to trade on illegal online markets and intellectual property theft. Trading of stolen data is worth a cool $160 billion, crimeware-as-a-service makes criminals $1.6 billion a year and ransomware results in $1 billion in criminal earnings.

Corporates around the world are expected to spend an estimated $96 billion on cybersecurity efforts this year, but with cybercriminals continuing to rake in the money, that spend may be in vain. It’s a fact that Jeff Spencer, COO of cybersecurity firm HYAS, described as “sad.”  Read the Article...