1 Billion Records Stolen in 2024: How Cutting-Edge Tech Is Fighting Back Against Cybercrime | PR Newswire [Video]

Issued on behalf of Scope Technologies Corp.

USA News Group News Commentary

, /PRNewswire/ — In 2024, more than 1 billion records have already been stolen, according to a report from TechCrunch, with this number continuing to climb. Earlier this year, the International Monetary Fund (IMF) raised concerns over the growing threat of cyberattacks, warning that these rising risks could undermine financial stability. The latest IBM 2024 Data Breach Report also highlighted the impact of the cybersecurity skills gap, which contributed to an increase of $1.76 million in average breach costs. Meanwhile, the National Institute of Standards and Technology (NIST) introduced its first set of post-quantum cryptography (PQC) standards to combat the escalating cyber risks as malicious actors gain more advanced tools. To address these challenges, several technology developers are advancing AI-driven and quantum-resistant security solutions to protect data both now and in the future, with recent breakthroughs from key players, including: Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), …