Post #94: $10.tr by 2025 - Heptagon Capital – Production

18 November 2020…

Post #94: $10.tr by 2025

$10.5tr is certainly an eye-catching number, particularly when compared to a figure of $3tr, reported in 2015. What we’re talking about here is the estimated total cost of cybercrime, as forecast by a leading researcher in the field (Cybersecurity  Ventures) at the end of last week. If the prediction is correct, then it would be equivalent to a 15% annual increase in costs for each of the next five years. To put $15tr into context, this would exceed the annual damage from worldwide natural disasters; or, is greater than the amount of money made from trading illegal drugs annually.

What should we be doing? The answer seems obvious: spending more on cybersecurity. Another interesting recent study (by Check Point, a major business in the field) highlights some of the key areas where organisations ought to be focusing over the next 12 months. The likelihood of more COVID-19 related attacks as well as novel threats emerging from the Internet of Things and 5G should be top of mind.

Begin with the pandemic and consider that 81% of enterprises have adopted mass remote working for their employees and 74% planning to enable it permanently, per the report. Ensuring that data are protected across more remote networks is therefore crucial. This encompasses everything from employees’ mobiles and other endpoints to cloud services. It’s also worth being mindful of phishing attempts (i.e. fraudulent approaches aimed at getting sensitive information from users based on the disclosure of passwords etc) inspired by news over vaccine developments, lockdown restrictions and so on.

Beyond the virus, as the world moves more digital, so the number of potential cybersecurity attack vectors also increases. 2021 may be the year in which 5G takes off. As networks are rolled out, it seems logical to assume that the number of connected IOT (Internet of Things) devices will increase. This raises the risk of more attacks. Smarter cities, more autonomous vehicles and the growing deployment of telemedicine – the latter is a theme on which we will write further next year – all drive the sharing of extra information, some of which may occur without users’ knowledge/consent and could hence be exploited. If there is one clear conclusion from the above, then it is time to get spending on more cybersecurity.

18 November 2020

The above does not constitute investment advice and is the sole opinion of the author at the time of publication. Past performance is no guide to future
performance and the value of investments and income from them can fall as well as rise.

Click here to view all Blog posts.

Disclaimers 

The document is provided for information purposes only and does not constitute investment advice or any recommendation to buy, or sell or otherwise transact in any investments. The document is not intended to be construed as investment research. The contents of this document are based upon sources of information which Heptagon Capital believes to be reliable. However, except to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to the accuracy or completeness of this document or its contents and, Heptagon Capital, its affiliate companies and its members, officers, employees, agents and advisors do not accept any liability or responsibility in respect of the information or any views expressed herein. Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. Where this document provides forward-looking statements which are based on relevant reports, current opinions, expectations and projections, actual results could differ materially from those anticipated in such statements. All opinions and estimates included in the document are subject to change without notice and Heptagon Capital is under no obligation to update or revise information contained in the document. Furthermore, Heptagon Capital disclaims any liability for any loss, damage, costs or expenses (including direct, indirect, special and consequential) howsoever arising which any person may suffer or incur as a result of viewing or utilising any information included in this document. 

The document is protected by copyright. The use of any trademarks and logos displayed in the document without Heptagon Capital's prior written consent is strictly prohibited. Information in the document must not be published or redistributed without Heptagon Capital's prior written consent. 

Heptagon Capital LLP, 63 Brook Street, Mayfair, London W1K 4HS
tel +44 20 7070 1800
fax +44 20 7070 1881
email [email protected] 

Partnership No: OC307355 Registered in England and Wales Authorised & Regulated by the Financial Conduct Authority 

Related Insights

Future Trends Blog
Featured Insights08 April 2021

Season 3, Post 14: Fake steak and test-tube tomatoes

Next week marks the reopening of London’s restaurants – at least for outdoor dining – for the first time since December 2020. Menus will likely be full of the joys of spring; perhaps an asparagus starter followed by some young lamb. Needless to say, your author already has several reservations in his diary. While not […]

Learn more
Future Trends Blog
Featured Insights01 April 2021

Season 3, Post 13: Life on Mars

Plans are afoot to build the first human city on Mars. Yes, you did read that sentence correctly; it is not an April Fool’s Day spoof. Spanish design firm and think-tank ABIBOO released plans last week for a conceptual city on the red planet that would see construction commence in 2054 with the intention for […]

Learn more
Future Trends Blog
Featured Insights25 March 2021

Season 3, Post 12: At the nexus of innovation

Your author has spent his last two afternoons virtually in New York. It’s obviously nowhere near as exciting as being in the city itself, but the NEXUS:ISRAEL Dealmakers’ Summit was arguably the most interesting online event I have attended in the last year. Organised in conjunction by Landmark Ventures and the Hebrew University of Jerusalem, […]

Learn more

Get The Updates

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right