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How profitable is cybercrime? – The Defence Works

They found that small and medium-sized cyber criminal organisations could generate between $30,000 and $50,000 in profit annually, while big ‘multinationals’ can make more than $1 billion. Cybercrime is now ‘an interconnected web of both nefarious and legitimate activities’ – their words, not ours. If cybercrime were a country, it …(1)

How Profitable Is Cyber Crime? – leicestershirevillages.com

Dec 3, 2021Laura. December 3, 2021. 3 minute read. In 2020, ransomware (Cybercrime-as-a-Service – “CaaS”) was a very lucrative business – think $370 million. Security for BankInfoSecurity. According to reports on the website, “370 million in known 2020 ransomware profits – via ransoms that were paid – will be generated, which represents a …(2)

How Do Cybersecurity Companies Make Money? – StartaCyberCareer.com

Cybersecurity Service #3: Systems Auditing. Another way cybersecurity companies make money if from auditing. Auditing is when a client asks a cybersecurity entity to check their security measures and policies and to make sure they are implementing secure policy or are complying with their industry’s required standards.(3)

13 ways to make money from Cybersecurity in 2021 – SecurityMadeSimple

Apr 9, 2021Cybersecurity is one of the most profitable technology fields of the 21st Century. As it continues to grow there are many people that want to get a job and start careers within the field. … It doesn’t even need to be a new product, you can create a company providing cybersecurity services like security assessments. Build an Application.(4)

New Report Shows Just How Profitable Cyber Extortion Can Be

In just a few years, cyber extortion has gone from a fringe hacking activity to something that is now very much mainstream. In fact, it’s now remarkably easy to download tools and how-to manuals for cyber extortion from the dark web, and hacking syndicates are becoming much more brazen about advertising for cyber extortion jobs in broad daylight.(5)

What Are the Benefits of Cybersecurity? – Security Gladiators

Oct 14, 2021Cybersecurity is important because it helps to protect all kinds of data, whether it is intellectual property, government information, personal information, protected health information, etc. Adequate cybersecurity can protect businesses and individuals from ransomware, phishing, malware and all other types of cyberattacks. 1.(6)

Why Cybersecurity Is Really A Business Problem – Forbes

Jun 25, 2020Cybersecurity Has Always Been A Business Decision. Overcoming the paradox of keeping a business secure while fueling its growth is the essence of why cybersecurity is a business decision. Securing …(7)

Top Cybersecurity Stocks for Q3 2022 – Investopedia

Jun 10, 2022It provides web and mobile security, threat protection, networking solutions, and more. The company announced in late May financial results for Q3 FY 2022, the three-month period ended April 30 …(8)

How Profitable is Cybercrime? – Schneier on Security

How Profitable is Cybercrime? Interesting quote: The Treasury Department says that cyber crime has now outgrown illegal drug sales in annual proceeds, netting an estimated $105 billion in 2004, the report said. Tags: crime, cybercrime, drug trade, economics of security. Posted on January 3, 2006 at 7:31 AM • 44 Comments(9)

How Much Do Security Companies Make? – Circuit Magazine

Sam from ‘Bluemilk Enterprises’ needs one of your event security for 5 hours and is quoted £14.00 per hour. Now, unless you’re doing the job yourself, the company should look to earn no more than £20.00 to £25.00 total from the job. This would be an appropriate amount for a job of this nature if, like me, you’re paying a good going …(10)

Cybersecurity Companies Are Raking in Millions. Many Don’t Turn … – WSJ

Nov 5, 2021The cloud security and incident-response company has reported net losses totaling $375 million for its past three fiscal years, but its annual growth rate hit 81% or higher in each of those …(11)

Best Cybersecurity Stocks & Funds of 2022 – The Motley Fool

Jul 15, 2022One of the largest cybersecurity companies by market cap and a leader in endpoint security software. Zscaler ( NASDAQ:ZS ) $24 billion. Cloud computing and internet security software provider …(12)

Cybercrime Is Now More Profitable Than The Drug Trade

As reported by the 2013 Europol Serious & Organized Threat Assessment, the “Total Global Impact of CyberCrime [has risen to] US $3 Trillion, making it more profitable than the global trade in marijuana, cocaine and heroin combined.”. This growing cost of cyber crime partially reflects the different laws that define countries’ breach …(13)

How to calculate ROI and justify your cybersecurity budget

Robert Metcalf, a cybersecurity expert at PwC Switzerland, says: “Cybersecurity is about risk management and loss prevention, not just earnings and so any investment in security needs to …(14)

Here’s How to Capture Big Profits from the Cybersecurity Industry

A Hackable Market. Consider that MarketsandMarkets says 2018’s cybersecurity value was $137.8 billion. By 2022, that figure will hit $231.9 billion, for a compound annual growth rate of 111% …(15)

How profitable is a security company? – PostVines

May 18, 2022Are cyber security companies profitable? According to data from PayScale, businesses are paying $150 per hour or more for experienced cybersecurity consultants to help defend systems and networks from cybercrime. If you’re thinking of starting a cybersecurity firm, you can apply your skills and grab a piece of this profitable market. …(16)

Cybercrime’s Most Lucrative Careers – Dark Reading | Security

Trade secret, IP theft: $500 billion. Data trading: $160 billion. Crimeware/Cybercrime-as-a-Service (CaaS): $1.6 billion. Ransomware: $1 billion. While ransomware is at the bottom of the list …(17)

How to Invest and Profit from Cybersecurity – Investor Square

Gain exposure to the cybersecurity industry with Cybex Security. Cybex Security is one of the newer firms in the worldwide cybersecurity sphere, offering physical and cyber security services. With Cybex, you have an exciting opportunity to grow your portfolio and diversify within a burgeoning market.(18)

Best Cyber Security Business ideas for 2022 [Top 50 Picks]

Yes, cyber security is a profitable line of business. Studies shows that worldwide spending on information security (a subset of the broader cybersecurity market) products and services exceeded $114 billion in 2018, an increase of 12.4 percent from 2017, according to Gartner, Inc. For 2019, they forecast the market to grow to $124 billion, and …(19)

Cyber Security: Protect Yourself And Profit | Seeking Alpha

Cyber-security is a very important industry to address a very real, powerful, and relentless threat. To prevent the devastating effects of cyber-attacks on individuals, businesses, and the …(20)

Excerpt Links

(1). How profitable is cybercrime? – The Defence Works
(2). How Profitable Is Cyber Crime? – leicestershirevillages.com
(3). How Do Cybersecurity Companies Make Money? – StartaCyberCareer.com
(4). 13 ways to make money from Cybersecurity in 2021 – SecurityMadeSimple
(5). New Report Shows Just How Profitable Cyber Extortion Can Be
(6). What Are the Benefits of Cybersecurity? – Security Gladiators
(7). Why Cybersecurity Is Really A Business Problem – Forbes
(8). Top Cybersecurity Stocks for Q3 2022 – Investopedia
(9). How Profitable is Cybercrime? – Schneier on Security
(10). How Much Do Security Companies Make? – Circuit Magazine
(11). Cybersecurity Companies Are Raking in Millions. Many Don’t Turn … – WSJ
(12). Best Cybersecurity Stocks & Funds of 2022 – The Motley Fool
(13). Cybercrime Is Now More Profitable Than The Drug Trade
(14). How to calculate ROI and justify your cybersecurity budget
(15). Here’s How to Capture Big Profits from the Cybersecurity Industry
(16). How profitable is a security company? – PostVines
(17). Cybercrime’s Most Lucrative Careers – Dark Reading | Security
(18). How to Invest and Profit from Cybersecurity – Investor Square
(19). Best Cyber Security Business ideas for 2022 [Top 50 Picks]
(20). Cyber Security: Protect Yourself And Profit | Seeking Alpha

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