- Experts predict that fraud using social
engineering will continue to grow throughout the world.
- In
2019, Sberbank forecasts that damage caused to international companies by
cybercrime may amount to $2.5 tln.
- Measures to counteract cybercriminals will be
discussed at Sberbank’s second annual International Cybersecurity Congress
in Moscow.
- The congress’s operator is Roscongress.
22 May 2019, Moscow — International cybersecurity experts have worked
out that in 2019, cyberattacks take place throughout the world every 14
seconds*. This year, fraud using social engineering will also continue to grow worldwide
— Sberbank’s specialists have determined that instances of this type of crime
grew by 6% in 2018. In 2019, corporate data leaks due to targeted attacks on
employees will also be one of the biggest challenges.
As the number of cyberattacks increases, the extent of the damage caused
by them also grows. Last year, damage caused to companies from various sectors
reached $1.5 tln. In 2019, Sberbank forecasts that damage will amount to $2.5
tln. The World Economic Forum predicts that cyberattacks will be responsible
for $8 tln worth of damage by 2022.
Specialists believe that one of the reasons for the rapid growth of
cybercrime is technological trends. By 2022, more than 1 tln devices will be
connected to the internet. By 2023, 80% of people will have a digital avatar.
Furthermore, in 2024 more than 50% of internet traffic of households will be
generated by smart devices and home appliances.
Every day Sberbank successfully repels several thousand attacks that
target its systems. This is why cybersecurity issues are a priority for the
bank. At the bank’s initiative, on 20–21 June 2019 the second International
Cybersecurity Congress (ICC) will be held in Russia’s capital. At the ICC, the
international community will discuss global initiatives and key principles for
effective cooperation.
The ICC is a unique international cross-industry platform for global
dialogue between representatives of government agencies, international business
leaders and recognised industry experts on the most pertinent issues of
cybersecurity in the context of globalisation and digitalisation.
The second ICC will be a key event of Global Cyber Week, an
international week on cybersecurity that will be held in 17–21 June in Moscow.
It will be the largest industry event in Russia and Eastern Europe. It will
unite several industry forums which will be attended by representatives of
Russian and foreign state institutions, international organisations and
companies, as well as independent experts and researchers.
The technical conference on practical cybersecurity
OFFZONE will open Global Cyber Week which will be held on 17–18 June. On 19
June, an international online training session on international business
cooperation to fight against digital threats titled ‘Cyber Polygon’ will be
held. It will be possible to watch the participants’ progress online in real
time.
The first ICC was held in Moscow on 5–6 July 2018. The congress united
more than 2,500 participants and about 700 organisations from more than 50
countries. Russian President Vladimir Putin welcomed the ICC’s guests in his
opening speech.
