New Blockchain Technology Protects Data Privacy Amid Surge in Cyber Crime | by Alice Bonasio | Tech Trends | Oct, 2021

Alice Bonasio

By Adi Ben-Ari, Founder & CEO, Applied Blockchain

The annual value of annual cybercrime worldwide is forecast to succeed in US $6 trillion this yr, representing grand larceny on a very historic scale. The worth of cybercrime is nearly that of the mixed GDP of the UK and Germany. The determine exhibits that efforts to stem the tide of cybercrime are failing.

Typically, the monetary providers sector is probably the most closely focused by cybercriminals. They are drawn to the delicate information on…