“If it were measured as a country, then cybercrime — which is predicted to inflict damages totaling $6 trillion USD globally in 2021 — would be the world’s third-largest economy after the U.S. and China.” – Steve Morgan, Editor-in-Chief of Cybercrime magazine
On average, companies experience about 21 to 24 days of downtime after a ransomware attack, highlighting the significant impact of such incidents on business operations. Everyday technology is advancing at a faster rate than we can educate the general population. If a HongKong bank can be convinced to wire transfer 35 million dollars by a deep fake how do we protect grandma? Most people under 35 get their news and information from TikTok and social media platforms. How do we educate and safe guard the future?
The intersection of human psychology and cybersecurity is crucial because cybercriminals often exploit human vulnerabilities through social engineering, and understanding these psychological factors is vital for building robust defenses and education programs. cyber-criminals are infamous for their ability to exploit human psychology as part of their nefarious activities – such as playing on fear and invoking a sense of urgency to entice victims into clicking on malicious links or give away log in credentials.
