At USD600bn in 2018, the global cost of cybercrime is rising at an alarming rate, as people and companies increasingly transact and interact online. Cybercriminals are taking advantage of sophisticated technology, using tactics ranging from hacking and identity theft to phishing emails, to target their victims.
The cost of cybercrime manifests in many ways: damage and theft of personal and financial data; theft of funds and intellectual property; embezzlement and fraud; disruption of business operations and reputational harm to organisations.
At Standard Chartered, we are using the best of machine-learning and our own expertise to develop systems and processes to protect our clients.
