Helene and Goran at NetNordic, one of Europe's fastest growing system integrators with 650 staff in 17 branches and revenues of over $200 million, invited Matthew to keynote this year's NetNordic summit in Stockholm. In front of a packed auditorium he set out the latest cyber crime and organised crime statistics, explored emerging threats, and closed with an audience Q and A.
Serious organised crime, and it is an industry, has been growing at double digit rates for some time and shows no sign of slowing. In 2022 there were over 5.5 billion malware attacks and close to 500 million ransomware attacks, and attacks on organisations and individuals rose by 125%, before the cost of attacking people falls to zero and before tools that democratise the creation of cyber exploits become widely available.
"The serious organised crime industry, and it is an industry, has been growing at a double digit growth rate for a while now, and it shows no signs of slowing."Matthew Griffin, Stockholm, December 2023
With organised crime revenues estimated at over $6 trillion, about $1.2 trillion of it cyber related, and an estimated impact of over $8 trillion on the global economy, security is now a top of mind issue. Attackers are growing bolder and more sophisticated, and defenders have their work cut out.
The emerging threats he covered included biometric spoofing, the cloning of people's biometric data, including their voices, to extort money and exfiltrate data, cookie stealing that bypasses 2FA and MFA, the importance of zero trust and perimeterless security, and how the latest AIs are being both weaponised and hacked using human psychology.
