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Why Your Online Privacy And Safety Will Be Casualties When We No Longer Use Cash

Why Your Online Privacy And Safety Will Be Casualties When We No Longer Use Cash


14 Sep Why Your On-line Privateness And Security Will Be Casualties When We No Longer Use Money

Posted at 09:09h
in Blogs
by Di Freeze

This week in cybersecurity from the editors at Cybercrime Journal

–Learn the Full MarketWatch Story

Sausalito, Calif. – Sep. 14, 2024

Nations abandoning bodily money fully, in favor of central financial institution digital currencies (CBDCs), is just not science fiction and people benefits can blind us to the profound implications for privateness and cybercrime {that a} cashless society will deliver.

Cybersecurity Ventures estimates that the worldwide price of cybercrime will likely be $9.5 trillion in 2024 and $10.5 trillion in 2025. These figures embrace not solely direct monetary losses but additionally prices associated to downtime, misplaced productiveness, and injury to model fame.

Sadly, fairly than hinder criminals, the complexity of contemporary digital cost methods offers quite a few vulnerabilities for them to take advantage of.

By 2031, ransomware incidents alone are anticipated to price organizations and economies a collective $265 billion yearly, in line with Cybersecurity Ventures.

A MarketWatch story explores why money serves as a safeguard of particular person freedoms and autonomy in opposition to governmental overreach.

Learn the Full Story

Cybercrime Journal is Web page ONE for Cybersecurity. Go to any of our sections to learn the most recent:

SCAM. The newest schemes, frauds, and social engineering assaults being launched on customers globally.

NEWS. Breaking protection on cyberattacks and information breaches, and the newest privateness and safety tales.

HACK. One other group will get hacked daily. We let you know who, what, the place, when, and why.

VC. Cybersecurity enterprise capital deal move with the most recent funding exercise from numerous sources world wide.

M&A. Cybersecurity mergers and acquisitions together with huge tech, pure cyber, product distributors {and professional} companies.

BLOG. What’s taking place at Cybercrime Journal. Plus the tales that don’t make headlines (however possibly they need to).

PRESS. Cybersecurity business information and press releases in actual time from the editors at Enterprise Wire.

PODCAST. New episodes day by day on the Cybercrime Journal Podcast function victims, regulation enforcement, distributors, and cybersecurity consultants.

RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the primary and solely round the clock web radio station dedicated to cybersecurity.

Contact us to ship story ideas, suggestions and solutions, and for sponsorship alternatives and customized media productions.



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Tags: CashcasualtiesLongerOnlineprivacysafety
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