"By 2025 the Worldwide Cost of Cyberattacks Will Have Tripled Compared to 2015"

The growth and democratization of Internet of Things (IoT) devices have increased the number of data-sharing devices, thus raising the number of threats that users face. Estimates indicate that if the current rate of growth continues, the cost of damages inflicted by cyberattacks will reach around $10.5 trillion per year by 2025, up from $3 trillion in 2015, a more than 200 percent rise. According to researchers at the Universitat Oberta de Catalunya (UOC), the development of cybersecurity solutions must be sustainable. The researchers say that any commitment to sustainability must try to make the Internet environmentally responsible, ensure equitable access, promote digital inclusion, and encourage social responsibility. These assumptions led the researchers to coordinate the Bringing Sustainable Cybersecurity to the Internet of Things (SECURING) project, which also includes the Universitat Autonoma de Barcelona and the Universitat Rovira i Virgili. The project, which is supported by the Spanish Ministry of Science and Innovation, aims to contribute to the sustainable development of the Internet by offering cybersecurity and privacy technologies that secure IoT infrastructures efficiently. The researchers behind SECURING want to provide innovative technological solutions to security and privacy challenges. With infrastructures centered on approaches for Intrusion Detection and Prevention (IDP), new sustainable privacy protocols, and a new communication paradigm for community-based crowdsensing, the researchers intend to make a contribution. This article continues to discuss the growth of IoT devices and the expected rise in the cost of cyberattacks, as well as the SECURING project aimed at developing new technological solutions to ensure the security and sustainability of IoT ecosystems.

The Open University of Catalonia (Universitat Oberta de Catalunya (UOC)) reports "By 2025 the Worldwide Cost of Cyberattacks Will Have Tripled Compared to 2015"

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