{"id":4420,"date":"2020-12-15T13:51:03","date_gmt":"2020-12-15T17:51:03","guid":{"rendered":"https:\/\/solutionsreview.com\/endpoint-security\/?p=4420"},"modified":"2020-12-15T13:51:03","modified_gmt":"2020-12-15T17:51:03","slug":"recent-mcafee-report-finds-cybercrime-losses-exceeds-1-trillion","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/endpoint-security\/recent-mcafee-report-finds-cybercrime-losses-exceeds-1-trillion\/","title":{"rendered":"Recent McAfee Report Finds Cybercrime Losses Exceeds $1 Trillion"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-4089\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/10\/2019-MODDED.jpg\" alt=\"Recent McAfee Report Finds Cybercrime Losses Exceeds $1 Trillion\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/10\/2019-MODDED.jpg 800w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/10\/2019-MODDED-300x150.jpg 300w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/10\/2019-MODDED-768x384.jpg 768w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/10\/2019-MODDED-540x270.jpg 540w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/10\/2019-MODDED-162x81.jpg 162w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/10\/2019-MODDED-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Recently, McAfee released a new global report entitled \u201c<\/span><a href=\"https:\/\/www.mcafee.com\/enterprise\/en-us\/assets\/reports\/rp-hidden-costs-of-cybercrime.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">The Hidden Costs of Cybercrime<\/span><\/a><span style=\"font-weight: 400\">.\u201d As the name suggests, the report examines the financial and underreported impacts of cyber-threats. According to the findings, cybercrime losses cost the global economy upwards of $1 trillion; this is equivalent to 1 percent of global GDP and a 50 percent increase since 2018.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"box box3\">The Solutions Review <a href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Buyer&#8217;s Guide for Endpoint Security<\/a> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace. <\/span><span style=\"font-weight: 400\">\u00a0<\/div>\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">McAfee serves as an endpoint security solution provider, with an emphasis on machine learning, behavioral analysis detection, and prevention. McAfee Labs and McAfee Advanced Threat Research are a leading source for threat research, threat intelligence, and cybersecurity thought leadership. Also, they provide real-time threat intelligence, critical analysis, and expert thinking.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In addition to the financial losses, 92 percent of businesses felt some kind of impact from cybercrime. These include, but aren\u2019t limited to, system downtime, reduced efficiency, and damage to the brand among customers. Additionally, 56 percent of surveyed organizations said they do not have a plan to both prevent and respond to a cyber incident<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Steve Grobman, SVP and CTO at McAfee, shared some comments with the release of \u201cThe Hidden Costs of Cybercrime.\u201d \u201cThe severity and frequency of cyber-attacks on businesses continue to rise as techniques evolve, new technologies broaden the threat surface, and the nature of work expands into home and remote environments.\u201d\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">\u201cWhile industry and government are aware of the financial and national security implications of cyber-attacks, unplanned downtime, the cost of investigating breaches and disruption to productivity represent less appreciated high impact costs. We need a greater understanding of the comprehensive impact of cyber risk and effective plans in place to respond and prevent cyber incidents given the hundreds of billions of dollars of global financial impact.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Learn more about <a href=\"https:\/\/www.mcafee.com\/en-us\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">McAfee<\/a> here.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"#\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/01\/endpoint-security-speedbump-cta.jpg\" alt=\"Download Link to Endpoint Security Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, McAfee released a new global report entitled \u201cThe Hidden Costs of Cybercrime.\u201d As the name suggests, the report examines the financial and underreported impacts of cyber-threats. According to the findings, cybercrime losses cost the global economy upwards of $1 trillion; this is equivalent to 1 percent of global GDP and a 50 percent increase [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":4089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1,335],"tags":[331,75,22,13,40,161,50,92,84],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Recent McAfee Report Finds Cybercrime Losses Exceeds $1 Trillion<\/title>\n<meta name=\"description\" content=\"Recently, McAfee released a new global report entitled \u201cThe Hidden Costs of Cybercrime.\u201d Find out what it discovered here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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