{"id":186116,"date":"2026-02-10T11:03:00","date_gmt":"2026-02-10T16:03:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/02\/10\/cybercrime-will-get-much-worse\/"},"modified":"2026-02-10T12:00:13","modified_gmt":"2026-02-10T17:00:13","slug":"cybercrime-will-get-much-worse","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/02\/10\/cybercrime-will-get-much-worse\/","title":{"rendered":"Cybercrime Will Get Much Worse"},"content":{"rendered":"<p><a href=\"https:\/\/cybersecurityventures.com\/bank-of-america-cybercrime-will-get-much-worse\/\">Cybercrime Will Get Much Worse<\/a><\/p>\n<p><a href=\"https:\/\/cybersecurityventures.com\/bank-of-america-cybercrime-will-get-much-worse\/\">https:\/\/cybersecurityventures.com\/bank-of-america-cybercrime-will-get-much-worse\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-02-10 11:03:00<\/a><\/p>\n<p>Source Domain: <a href=\"cybersecurityventures.com\">cybersecurityventures.com<\/a><\/p>\n<p>Author: <a href=\"\"><\/a><\/p>\n<p> Using an unordered list, summarize the following article with between 4 and 8 key points.<br \/>\n\u201cThe World In 2030,\u201d a Bank of America\u00a0research paper, cites Cybersecurity Ventures, whose analysis showed that cybercrime \u2014 such as hacking, fake videos, and stealing personal data \u2014 was expected to cost the world $10.5 trillion by 2025, making it the world\u2019s third largest economy behind the U.S. and China. And with the exponential rise of AI deep fake videos and phone calls, these crimes will become more effective and harder to stop.<br \/>\nPart of the reason why those losses are so high, according to Adam Evans, Royal Bank of Canada\u2019s SVP and CISO, is that businesses too often underestimate the risks, and too often\u00a0under-invest\u00a0in protecting themselves.<br \/>\nGOBankingRates, a Gen Digital media property,\u00a0reports\u00a0that the rise in online threats will cause both businesses and governments to spend much more on cybersecurity (especially in the U.S.).<br \/>\nThis includes areas like banking, defense, and infrastructure, and it could increase profits for security companies and open the door to online security innovation.<br \/>\n\u201cCybersecurity is the only line item that theoretically has no spending limit,\u201d says Morgan. \u201cThere is a budget before a company suffers a cyberattack or a series of them, and then there\u2019s the actual spend that takes place afterwards. What business or consumer isn\u2019t going to do and spend whatever it takes to recover from being hacked?\u201d<br \/>\nWhile all other tech sectors are driven by reducing inefficiencies and increasing productivity, cybersecurity spending is driven by cybercrime, as reported in the\u00a02026 Cybersecurity Market Report\u00a0published by Cybercrime Magazine in partnership with Evolution Equity Partners.<br \/>\nIn 2015, Bank of America CEO Brian Moynihan declared that the nation\u2019s second-largest lender had an\u00a0unlimited cybersecurity budget. \u201cMoynihan was brutally honest,\u201d says Morgan. \u201cBut really, what he said then is true now and in the future for Fortune 500 and Global 2000 enterprises all the way down to Main Street businesses. He just had the courage to say it without worrying about the repercussions.\u201d<br \/>\nThe bottom line, according to GOBankingRates: Online risks will drag down growth unless security spending keeps up, but cybersecurity itself could end up becoming its own business sector.<br \/>\nRead the Full Story<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cybercrime Will Get Much Worse https:\/\/cybersecurityventures.com\/bank-of-america-cybercrime-will-get-much-worse\/ Publish Date: 2026-02-10 11:03:00 Source Domain: cybersecurityventures.com Author: Using&#8230;<\/p>\n","protected":false},"author":1,"featured_media":186117,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cybersecurityventures.com\/wp-content\/uploads\/2023\/11\/photo5.jpg","fifu_image_alt":"","footnotes":""},"categories":[15],"tags":[26,24],"class_list":["post-186116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity","tag-ai","tag-cybersecurity"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/186116"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=186116"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/186116\/revisions"}],"predecessor-version":[{"id":186118,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/186116\/revisions\/186118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/186117"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=186116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=186116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=186116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}