Cybercrime is one of the greatest threats to companies and the economic livelihood of individuals. Utilities banks, major corporations, and small startups are all at risk.
Cybersecurity Ventures predicts global spending on cybersecurity products and services will exceed $1 trillion cumulatively over the next five years, from 2017 to 2021.
The impact on society is reflected in the Official 2017-2018 Cybercrime Report, published by Cybersecurity Ventures, a researcher and publisher covering the global cyber economy, and a source for cybersecurity facts, figures, and statistics.
According to the new report, cybercrime will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015. This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, and will be more profitable than the global trade of all major illegal drugs combined.
Thousands of startups have been formed over the past decade to focus on combating cybercrime. The Cybersecurity 500 features the most innovative companies in this market. Companies include Amazon, Google, Lockheed Martin, Siemens, and others. View the full list here.
The Cybersecurity 500 selection criteria includes some or all of the items below for each company:
- Cybersecurity Sector (market category)
- Problem(s) Solved
- Customer Base
- Feedback from CISOs and Decision Makers
- Feedback from IT Security Evaluators & Recommenders
- Feedback from VARs, SIs and Consultants
- VC Funding
- Company Growth
- Published Product Reviews
- Demos and Presentations at Conferences
- Corporate Marketing and Branding
- Media Coverage
- Notable Implementations
- Founder and Management Pedigree
- Interviews with Senior Management
The first-ever official annual Cybersecurity 500 list for 2018 was recently announced to a live audience at the Cyber Investing Summit in New York City. Now in its third year, the Cyber Investing Summit is an all-day conference focused on investing in the cybersecurity industry, which is predicted to exceed $1 trillion in cumulative spending on products and services over the next five years — according to the Cybersecurity Market Report.
Filed Under: Cybersecurity, News, O&M, Software
