The annual cost to the global economy from Cyber-Crime at somewhere between a conservative lower figure of $375 billion and possibly as much as $575 billion. The average annual loss due to Cyber-Crime among all countries was 0.5 per cent of the Gross Domestic Product (GDP)
(Center for Strategic and International Studies, 2014)
Tony Ming, ICT adviser at the Commonwealth Secretariat reported, “The emergence of e-Commerce, e-government and other technologically enabled services in the Caribbean has opened up new avenues for economic activity and for Cyber-Criminals to exploit. Insider threats have accounted for over 50% of all security breaches..."
“The Human Factor” research report highlighted that “today’s advance attacks focus more on human flaws than system flaws” (Proofpoint, 2016)
Kaspersky Lab reported that “Humans are the Weakest Link” in Cyber-Security because “70% of companies named humans as their greatest vulnerability”
(Kaspersky Lab, 2013).