4 To put that in perspective, measured as a country, cybercrime is the world's third largest economy after the U.S.
3 And that’s just a drop in the bucket of the estimated $6 trillion in damages caused by cybercriminals in 2022 alone. 2 A March 2022 phishing scam enabled North Korean hackers to steal more than $600 million in cryptocurrency from an online game. 1 In September 2022, criminals accessed nearly 10 million telecom customer records with enough personally identifiable information to open fraudulent bank accounts for each via an unsecured API endpoint. There’s a breach every 39 seconds and a ransomware attack every 14 seconds, according to Cybersecurity Ventures. However, that flexibility comes at a high price: an exponentially expanding surface area for potential cyberattacks, loss of end-to-end visibility into the health and performance of digital services, and significantly increased operational complexity and cost.Ĭybercriminals are rushing to capitalize on this alarming opportunity. F5 customers tell us that flexibility in choosing the right environment-a specific public cloud, edge location, or on-premises data center-for each application is important to best serve the needs of the business.
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