The WannaCry cyber-attacks of May this year demonstrated the increasingly devastating impacts that computer-based crimes are having on government and business infrastructure, additionally heightening the need for improved measures in personal cyber-security. Affecting governmental institutions, businesses and private individuals from attacks launched on over 300,000 computers in more than 150 countries, the cost of the WannaCry virus was upwards of several billion dollars.
For the period between 2013 and 2015, the estimated economic impacts of cyber-crimes quadrupled, rising to as high as $500 billion. One recent report put out by Cybersecurity Ventures forecasts that figure will rise to as high as $6 trillion by 2021.
With the effects of computer-based crimes reaching into every area of private citizens’ lives including compromised sensitive personal data, financial institution hacking, fraud, identity theft, disruption of business and government operations, personal cyber-security has become a high priority for every individual with an electronic device.
Hillary Clinton’s hacked emails and concerns over the disturbing possibility of attacks on electronic voting machines during the 2016 elections revealed the seriousness of cyber-crime to local and federal municipalities and activities.
Governments have focused more efforts on drafting and passing legislation and funding law enforcement-conducted studies to adopt proactive, protective and responsive measures to deal with this increasingly destructive new crime wave.
Former President Obama authorized $19 billion in funding to address illicit cyber-related activities.
Shortly into his administration, President Trump signed the “STRENGTHENING THE CYBERSECURITY OF FEDERAL NETWORKS AND CRITICAL INFRASTRUCTURE” executive order to upgrade the federal government’s security and protective measures.
Despite the counter-hacking efforts, many new avenues and security vulnerabilities continue to be exploited by cyber-criminals. One study found that the over-looked sensitivity of medical devices to hacking will result in approximately $101 billion in costs and damages by next year.
The economic impacts of cyber-crime remain high and continue to rise. However, the loss of confidence and feelings of vulnerability its victims are left with increases the unquantifiable costs that the threats and risks from the cyber-attacks have on individuals’ lifestyles and personal sense of well being after their personal cyber-security space has been violated.
Spun off from its parent company Concentric Advisors in December, 2016, cyber-crime-focused Rubica closed on $5.6 million funding in January 2017.
Building on the security team assembled by Concentric Advisors that have included security experts from the U.S. Navy, NSA and Scotland Yard, Rubica’s mission has been to protect individuals’ personal cyber-security with the same level of technological solutions that have been used to safeguard large corporations.
Rubica has focused on proactive, easy-to-install security that works across a broad range of consumer electronic devices. To promote their commitment to personal cyber security, Rubica goes beyond the techniques used by other security software solution providers.
While other solutions only protect from known viruses and threats or provide alerts after the customer’s data has been compromised, Rubica delivers a simple “download-to-your-device(s)” technology that protects users’ devices and private data continuously after it has been installed.
With a solution designed to protect the vulnerability of high net worth individuals, Rubica’s team of experts ensures their customers’ personal cyber security.