Cybersecurity investments have grown substantially in the last decade. In the last few years, Mozes Konig of MVKonig Ltd. has been investing in this industry. Konig – who a while back went through some issues with Interpol which he thereafter solved – has been following the updates on the increasing relevance of cybersecurity today and for the future.
It has been estimated that cybercrime costs the world economy more than $400bn each year. While in 2013 approximately 3,000 US firms were estimated to have been the victim of cybercrime, according to the 2019 Official Annual Cybersecurity Jobs Report for those looking for work, cybersecurity is a great place to start. Experts have anticipated that from 2013 to 2021, there will be a 350% growth in job vacancies in this industry.
“It’s a fascinating industry,” explained Mozes Konig. “Every year you find IT firms responding to developments in the tech sector. With that comes new opportunities for cyber criminals to do their work. Hence more cyber security is always needed.”
All of this can negatively impact a business’s growth if the necessary measures are not put in place.
“In addition,” continued Konig, “given that people are using their devices more and more, there is naturally going to be a far greater exposure to cyber criminal invasion. In fact, while it may seem that investing in cyber security is expensive, we have only experienced that not making the investment comes at a greater price.”
Business safety is crucial in every aspect but as society continues to become increasingly device-oriented, investing in cybersecurity is no longer a luxury but a necessity.