How Cybercrime May Become the Top Threat to Global Business by 2025
Cybercrime is emerging as a significant threat to global businesses, with potential costs soaring by 2025. Recent events highlight this pressing issue, underscoring the urgency for enhanced cybersecurity measures.
Cybercrime Costs Expected to Skyrocket
According to predictions by Cybersecurity Ventures, the financial impact of cybercrime could reach a staggering $10.5 trillion annually by 2025. Some analysts believe this figure may actually be even higher.
Case Study: Asahi Breweries
Japan’s Asahi Breweries recently fell victim to a ransomware attack that disrupted its operations. This prominent company was forced to temporarily halt beer production across most of its 30 factories.
- Date of attack: Late last month
- Impact: Disruption to beer shipments and accounting processes
Asahi confirmed that personal data may have been compromised during the attack. Although all facilities have partially reopened, the company is still facing issues with its computer systems, resorting to manual processes such as using pen, paper, and fax machines to process orders.
Implications for Global Business Stability
Incidents like the one involving Asahi Breweries are becoming increasingly common. As cyber threats evolve, businesses must prioritize cybersecurity to safeguard their operations and customer data.
The need for robust cybersecurity measures will only intensify as cybercrime continues to grow. Companies around the world will need to adapt to this changing landscape or risk severe operational disruptions.
As we approach 2025, understanding the implications of cybercrime will be crucial for businesses. Continued investment in cybersecurity infrastructure could determine which companies thrive in this new environment.
