It is well known that today we live in an unprecedented time with rampant cybercrime. And now that the COVID-19 pandemic has created unparalleled challenges including worldwide unemployment and a massive financial crisis, ironically one of the industries that has flourished is the $5.2 trillion economy of cybercrime. As the rise of commercial cybercrime has outpaced the traditional security team, we have put out a 2020 report called “Inside the Mind of a Hacker 2020,” which casts new light on the next generation of hackers utilizing human ingenuity to solve difficult cybersecurity problems. This report also presents a timely overview of career hackers amid a growing digital crisis, highlighting how they are working together to help organizations defend their attack surface.
We discovered that globally distributed good-faith hackers are increasing in number and offering organizations the power to proactively prevent a malicious cyberattack — which can cost companies nearly $3.92 million dollars if gone unchecked, according to a recent report. While artificial intelligence (AI) has a role to play in reducing cyber risk, companies also need to integrate crowd-sourced security if they hope to outmaneuver cybercriminals.