Ron Schlecht is a managing partner at BTB Security. According to the company's research, in 2015 nearly 190 million individuals had personal data compromised by corporate hacks. Consumers are also affected by business data leaks.Once a sub-million dollar business, ransomware grew to a $24 million dollar industry in 2015, and continues to grow. Ransomware has bloated in popularity recently.The identity theft industry more than doubled over the past 10 years, from 8.3 million in 2005, to 17.6 million reported cases in 2014.Since 2005, the cost per breach has grown exponentially, from $24 thousand dollars to $1.5 million per incident. The results of BTB Security's study confirmed what many companies have known for a decade or more: Cybercrime is expensive.The company maps and reveals network security flaws, performs penetration testing, and advises clients on how best to respond to data breaches.
READ: Cybersecurity spotlight: The ransomware battle (Tech Pro Research)įor SMBs and enterprise companies in financial services, healthcare, retail, and manufacturing BTB Security provides risk analysis and response tools and guidance.
The company analyzed cybercrime data from 2005-2015 from the FBI, the FTC, the US Justice Department, Lifelock, and other information vendors and created an infographic that articulates how cybercrime evolved over the past decade. Cybercrime has ballooned over the past decade, according to research by Philadelphia firm BTB Security.