With the noisy debate that started with the arrival of alternatives to the iPhone in the App Store, all eyes are now on Apple. Following the release of iOS 17.4, the Californian company Potential security breaches that threaten not only users’ privacy but also their wallets.

And this Security breaches have had a high financial cost, significantly affecting the world economy.. Estimates by analysts and experts suggest that cyber attacks have a cost of approx. 8 trillion dollars at international level.

The most worrying part of all this is that the economy will continue to decline due to security breaches on mobile platforms, desktop computers, servers and other terminals. This year, the true cost of security breaches is expected to rise to $9.5 trillion by 2024.

Cyber ​​attacks are the biggest economic risk for companies like Apple, Google and Microsoft

Large companies suffer millions of dollars in losses due to cyber attacks

Hackers are designing increasingly dangerous and sophisticated attacks both for large multinational companies related to the technology industry and for users. We were able to confirm this only a few months ago, when three Kapersky security researchers detailed how the most sophisticated cybersecurity attack on the iPhone to date was carried out. Although this wasn’t the first time Apple encountered such a big problem.

Ten years ago, in 2014, Apple suffered an infamous security breach in its iCloud cloud services that led to a number of private photos of celebrities being leaked. called #CelebGateThis security breach marked a before and after in the security of the Apple product ecosystem.

Even so, most cyber attacks focus mainly on data and identity theft. Attackers often exploit vulnerabilities in the computer system fraudulent transactions, theft of bank account data and invasion of privacy users.

For such reasons Big companies of the technology world such as Apple, Google and Microsoft need to invest in security to fix vulnerabilities and stop such attacks. We know that Apple invites researchers to discover vulnerabilities in exchange for large financial rewards. Damages that can reach up to $500,000.

The true cost of security breaches in 2024 and beyond

Attacks will cause increasing economic losses

The latest data shared by ExpressVPN shows the economic impact of cyber attacks in the coming years. very serious financial losses both large companies and consumers.

In 2024, losses could reach: $9.5 million and the estimated annual amount in 2025 will be: $10.5 billion. The complex nature and evolution of cyber attacks will mean a significant and increasing increase in the true cost of security breaches in the coming years.

Data collected by ExpressVPN Technological developments like security Industry trends and potential global events that could significantly impact the cost of cybersecurity attacks.

Most common cyber attacks

Attackers exploit vulnerabilities in computer systems for financial gain

Fortunately, security experts have increasingly advanced tools to detect vulnerabilities and protect against potential cyber attacks. But, The revolutionary entry of generative AI onto the scene could make it easier to create increasingly sophisticated attacks and is difficult to detect.

The best possible way for iPhone and iPad users to learn how to avoid such cyber attacks is knows its mechanism and operation perfectly. Therefore, below we explain which cyber attacks are the most common in the world of hacking.

• Phishing: Phishing attacks rely on social engineering and exploit vulnerabilities to cause financial losses, identity theft, credentials, and financial fraud.
• Malware: Damage to the system, unauthorized access to data, espionage, theft of personal data and corruption of electronic devices.
• Ransomware: Such cyber attacks are based on operational disruptions, financial extortion of companies and theft of personal data.
• Distributed Denial of Service (DDoS): To cause customer dissatisfaction, attackers disrupt the services provided by companies, causing users to lose their Internet connection.
• Data extortion: Threats and blackmail in case of possible disclosure of sensitive data and personal information.
• Medium (MitM): Theft and unauthorized access to confidential data, economic losses, identity theft and violations of user privacy.