Global rise in Cybercrime. A catalyst for market-wide Cybersecurity regulations?

With the world bracing for a period of significant technological advancement easing the struggles of everyday life, many look towards taking advantage of imperfect products for personal gain and profit. Whilst such may initially be met with a limited reaction, its importance is sparked by the potential damage that one can cause. This specifically relates to so-called cybercriminals who attempt to utilize weak spots to gain access to sensitive information. Whether such relates to company information or personal data, unauthorized extraction of sensitive information is a criminal offense, potentially affecting the victim’s wellbeing or business’s ability to maintain competitiveness.