Cyber Crime Is Estimated To Increase 15 Percent Per Year, Cymulate Disburses IDR 1.04 Trillion To Help Its Cyber ​​Security Team

Illustration (photo: Unsplash)

JAKARTA - Cybersecurity Ventures has released its annual special issue of the Cybersecurity Almanac, a handbook containing the most relevant statistics and information on cybercrime.

As a result, Cybersecurity Ventures found the cost of global cybercrime will grow by 15 percent annually, over the next five years, and is expected to reach $10.5 trillion (IDR 149 quadrillion) by 2025.

Therefore, to overcome the challenges posed, many organizations are turning to various AI technology tools to complement their security system software.

A startup called Cymulate founded in Tel Aviv, Israel has raised 70 million US dollars (1.04 trillion) and will continue to grow to invest in expanding its technology.

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Today, the Cymulate platform spans both on-premises and cloud networks, providing breach and attack simulation endpoints, email and web gateways, and much more.

“We give our customers a different approach on how to do cybersecurity and get insight [about] all the products implemented in the network,” said Eyal Wachsman, CEO of Cymulate in an interview cited by TechCrunch.

Although companies continue to invest in their security, time is also feeling market pressures, impacting IT budgets, and the number of employees in the industry facing skill shortages.