What is the cost of cybercrime in NYC?

Okay, so, like, whats the deal with cybercrime in New York City? I mean, you hear about it all the time, but trying to figure out actually how much it costs is kinda crazy hard, right?

See, its not like someone just, ya know, adds up all the stolen credit card numbers and ransom payments and calls it a day.

What is the cost of cybercrime in NYC? - managed service new york

Theres so much more to it! Think about it. managed services new york city You got businesses that have to shut down for a bit after a hack, losing money every minute. Then theres the cost of hiring experts to clean up the mess and, like, beef up security so it doesnt happen again. And dont forget the reputational damage!

What is the cost of cybercrime in NYC? - managed it security services provider

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If people dont trust you with their data, they aint gonna be buying your stuff!

Plus, its not always about money being stolen directly.

What is the cost of cybercrime in NYC? - managed it security services provider

managed services new york city check Sometimes its about intellectual property, trade secrets, things that are super valuable but hard to put a price on. And what about the cost to the city itself? Law enforcement has to investigate, the courts have to prosecute, and all that costs taxpayer dollars.

I saw this one report, I think it was from some cybersecurity firm, that estimated cybercrime globally could cost, like, trillions of dollars.

What is the cost of cybercrime in NYC? - managed it security services provider

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Trillions! managed it security services provider managed services new york city And, of course, NYC is a major hub for, well, everything, so you gotta figure a big chunk of that is hitting us here. But getting a specific number for just NYC?

What is the cost of cybercrime in NYC? - managed services new york city

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Good luck!

Honestly, its probably way higher than anyone even realizes. Because a lot of companies dont even report breaches because their so embarassed, you know? They dont want everyone to know they got hacked. So, yeah, the real cost is probably, like, astronomical! managed services new york city It is a problem, for sure!

What is the cost of cybercrime in NYC? - managed service new york

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What is the cost of cybercrime in NYC? - managed it security services provider

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What is the role of NYPD in cybersecurity?