Global Economy and Cyber Tthreat

Introduction In this article I will explain in detail the current economic problems affecting the world economy. Last year, the world economy of major developed countries did not perform well. Due to the financial crisis of 2008, many countries have made efforts to reliably recover the lost economic infrastructure and to solve the challenges associated with the adoption of necessary fiscal and monetary policy tools. Despite the joint efforts to revitalize the economy there is still a major economic crisis that affects many parts of the world, otherwise the process of economic growth will stagnate.

Digital economy: The global digital economy in 2016 is estimated at 11.5 trillion US dollars, accounting for about 15.5% of world GDP. By 2025, this figure is estimated at $ 23 trillion, accounting for 24.3% of world GDP. Digital economy is all economic activity created by billions of online connections between people, businesses, devices, data, and processes. Royalty points and rewards: We expect to achieve a market share of $ 45.9 billion by 2021. 61% of customers want to redeem points or miles directly from mobile wallet. Almost the same numbers indicate that you want to access all loyalty programs in one application. The fact that OmiseGO can build and maintain royalty partnerships without increasing complexity and cost is a particularly attractive value proposition.

OmiseGO (OMG): real problem, real solution - everything you need to know and 8 reasons for purchase ($ 74.25 PT)

Cyber ​​attacks are increasing all over the world as the value of online migration progresses and the spread of digital data has progressed. According to the cyber security venture investment report, the global cyber security market in 2004 was worth $ 3.5 billion and the estimate in 2017 exceeded $ 120 billion in 2004. The cyber security market has grown by about 35 times over 13 years due to cyber crime activity that has never been before. McMaster University survey estimates that 7 million Canadians will be victims of identity theft in 2011 and the annual cost of identity theft in Canada will be close to $ 1.9 billion. It is estimated that in 2015, 86% of large Canadian organizations were subjected to cyber attacks. According to reports from Canada and around the world, cyber attacks have succeeded in stealing industry and country secrets, personal data and other valuable information.

Currently, the level of global scale cyber attacks is much higher than the number of tools to effectively fight them. According to reports, cybercrime is a growth industry that costs around $ 400 billion annually to the world economy. In 2017, more than 70% of organizations from 58% in the previous year increased spending on cyber security. Since even a small vulnerability can lead to disastrous results, billions of dollars are spent on cyber security every year. Increase the number of services to minimize the risk of hacking including browsers that remember passwords and password managers such as 1Password and LastPass. However, they made only minor improvements without changing the essence of the problem.