Cyber risk: How strong have you built your agency defense?

Smaller agencies may mistakenly think they fly under the cybercriminal’s radar. But no agency is immune to cyber risk. (Photo: Gorodenkoff/Shutterstock)

Cybercrime is profitable and low risk. The World Economic Forum reports, “Cybercrime is a growing business model, as the increasing sophistication of tools on the darknet makes malicious services more affordable and easily accessible for anyone that is willing to hire a cybercriminal.”

The forum reports that the likelihood of a cybercriminal being caught in the U.S. is estimated at 0.05%. U.S. regulators, corporations and policymakers are struggling to improve that rate.