In a report published by the U.S. Departments of Commerce and Homeland Security concluded what most security professionals have known for years: that botnets are a global threat, that technologies exist to mitigate the threats but aren’t widely used for multiple reasons, poor product security design and development, counter-productive market incentives, and low education and awareness across all market participants.
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Fraudsters have moved from making a fast buck to crafting more ambitious, targeted attacks that produce long-term profits, according to an extensive analysis of real-world cybercrime attacks.
In 2017, global spending on cybersecurity totaled about $86.4 billion, while in 2018 businesses will reportedly spend $93 billion, according to estimations from Gartner.