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

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

The annual cost of annual cybercrime worldwide is expected to reach $ 6 trillion this year, representing large-scale theft on a truly historic scale. The value of cybercrime is almost the value of the total GDP of Britain and Germany. The figure shows that efforts to stem the flow of cybercrime are failing.

Typically, the financial services sector is the most targeted of cybercriminals. They are attracted to the sensitive data about …

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