Threats to Information, Security and Availability

THREATS O INFORMATION SECURITYAND AVAILABILITY

Piql protects your most valuable data

A massive digital transformation is happening

The amount of data is exploding Piql provides a unique, solution for secure and non-hackable data storage , where data is stored on a physical, immutable storage medium that is kept offline and off-grid in a secure, military grade vault on a secret location. The ultimate protection of business-critical and society-critical data and information, with guaranteed availability - whatsoever.

Digitisation, digital transformation, IoT, AI/ML, blockchain, automation and robotics is changing the world. A lot of insights and value is generated, but on the flip side, there are huge challenges to manage and understand and protect all this data! Due to the transition to everything being digital and accessible, information and data is at risk, and there are huge challenges to protect and keep data in its authentic form.

INSTITUTIONS AND ORGANISATIONS IN BOTH THE PUBLIC AND PRIVATE SECTOR ARE CAPTURING, STORING, PROTECTING, AND ANALYZING MORE DATA THAN EVER BEFORE. IDC’s Global DataSphere, which forecasts the amount of data that will be created on an annual basis, predicts that over the next five years, data will grow at

a compound annual growth rate (CAGR) of 21.2% to reach more than 221 zetta bytes (221.000 exabytes or 221 million petabytes – by any measure, massive amounts of data) by 2026. That data will include both unstructured and structured data, but unstructured data overwhel mingly dominates, accounting for more than 90% of the data created each year.

Speed of technology obsolescence is increasing

Due to continued innovations, the speed of technology obsolescence, especially in the information and communication technology industry (ICT) is accelerating. New storage technologies and solutions, new software and file formats as well as new interfaces are created“every day”. You hardly get a PC with a CD drive anymore and USB-A was replaced by USB-C “overnight”.

In this innovation environment, it is very hard to keep up with these changes. Consequently, to reduce efforts and costs (at least that is a motivation), businesses all across both the public and private sector are shifting their digital operations and data storage to the cloud. But are they consciously and sufficiently aware of the risks of being “up there somewhere”?

WORLDWIDE GLOBAL DATASPHERE DATA FORECAST 2021_2026 / EXABYTES

STRUCTURED DATA UNSTRUCTURED DATA

Source: IDC

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So, no wonder this is attracting the criminals of this world. The only need a laptop to get going and use Cybercrime as a Service to easy make millions of USD’s. 3 If it were measured as a country, then cybercrime —which is predicted to inflict damages totalling $8 trillion USD globally in 2023 —would be the world’s third-largest economy after the U.S. and China. Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm. CYBERSECURITYMAGAZINE 2 REPORTS THAT GLOBAL CYBERCRIME DAMAGE IS PREDICTED TO HIT $10.5 TRILLION ANNUALLY BY 2025.

Cybercrime is rocketing

A cyberattack could potentially disable the economy of a city, state, or an entire country. Billionaire businessman and philanthropist Warren Buffet calls cybercrime the number one problem with mankind and cyberattacks a bigger threat to humanity than nuclear weapons. I don’t know that much about cyber, but I do think that’s the number one problem with a mankind. 1 “ Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next three years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. This represents the greatest transfer of economic wealth in history , risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined.

Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country’s largest insurer. As of 2021, the group is the world’s 112th largest public company according to Forbes’ Global 2000s list. The chief executive of Zurich, Mario Greco, warned at year end 2022 that cyber-attacks, rather than natural catastrophes, will become uninsurable as the disruption from hacks continues to grow. 4 Two weeks later, Zurich Insurance suffered a cyber-attack! Their Japan subsidiary was attacked, with hackers stealing sensitive customer data. Cyber-attacks will become uninsurable

WAR EXACERBATES THE SITUATION. TheWorld Economic Forum’s Global Risk Report 2020 cited the collapse of infor mation infrastructure and large-scale cyberattacks as the biggest risks. After the sanctions imposed by theWest on Russia, the situation worsened, with experts predicting a further increase in cyberattacks on key infrastructures. The global financial markets are not immune to these risks, and there is massive potential for the disruption of key financial services. Clearly, financial institutions must therefore invest in cyber defences to ensure that important financial services are not disrupted. 5

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Top 10 CYBERSECURITY predictions and statistics

With all these risks – one should take action

CYBERCRIME MAGAZINE HAS EXTRAPOLATED THE TOP 10 MARKET DATA POINTS FROMTHEIR RESEARCH IN ORDER TO SUMMARIZE THE CYBERSECURITY INDUSTRY THROUGH 2025. 6

• To keep valuable / irreplaceable / critical data or information. • To reduce risk of being put out of operation. • To prevent financial loss for businesses. • To secure that you can get back in operation as soon as possible in case of emergency. … NOW. NOT TO LOOSE TRUST, CREDIBILITY OR REPUTATION AMONGST YOUR CLIENTS, PARTNERS AND STAKEHOLDERS.

1. Global cybercrime damage predicted to hit $10.5 trillion annually by 2025.

2. Global cybersecurity spending will exceed $1.75 trillion cumulatively from 2021-2025. In 2004, the global cybersecurity market was worth just $3.5 billion and now it’s one of the largest and fastest-growing sectors in the information economy.

3. The world will wave 3.5 million unfilled cybersecurity jobs in 2023.

4. Global ransomware damage costs are predicted to exceed $265 billion By 2031. Cybersecurity Ventures predicted that a business fell victim to a ransomware attack every 11 seconds in 2021. This makes ransomware the fastest-growing type of cyber crime. The frequency of ransomware attacks on governments, businesses, consumers, and devices will continue to rise over the next 5 years and reach every two seconds by 2031.

5. The world will need to cyber protect 200 zettabytes of data by 2025.

6. The cyber-insurance market is predicted to hit $14.8 billion annually by 2025.

7. Crypto crime is predicted to cost the world $30 billion annually by 2025.

8. Women are predicted to hold 30% of cybersecurity positions globally by 2025.

9. 90% of the human population, aged 6 years and older, will be online by 2030. Roughly one million more people join the internet every day. If street crime grows in relation to population growth, so will cybercrime.

10. The world will need to secure 338 billion lines of new software code in 2025.

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Piql can help to take action

Piql provides a unique, solution for secure and non-hackable data storag e, where data is stored on a physical, immutable storage medium, piqlFilm, that is kept offline and off-grid in a secure, military grade vault on a secret location in Norway.We are digital preservation and long-term data storage experts. piqlFilm is a digital, migration-free and secure storage medium, where data cannot be hacked, manipulated or deleted and that is immune to electromagnetic and radioactive radiation . AUTHENTIC AND LONGLASTING The self-contained attributes and the extreme durability and longevity (1000 years+) of piqlFilm enables data access tomorrow and in the future with guaranteed data authenticity and integrity. FUTURE-PROOF A challenge to future access is the continuously changing technological standards and platforms (i.e. software, hardware and related interfaces). The piqlFilm is future-proof with no technology or vendor lock-in for future data retrieval. Data storage with online availability through the SaaS platform - piqlProtect. The data stored on piqlFilm is permanent and unalterable. Today’s alternative storage methods, both locally and in the cloud, include the use of magnetic storage mediums (hardisks and tapes). These mediums require continuous migration of data to be kept “alive” with the risk of loss or corruption of data. With piqlFilm, no migration is required. MIGRATION-FREE AND SECURE

Piql helps to protect Our storage technology is designed and built to protect irreplaceable and valuable: Business critical data and information ; like software source code for critical systems, intellectual property, opera tional procedures, databases, as-build documentation, drawings and blueprints, research data and test results, product documentation etc. - needed to keep a business running , and

Society critical data and information, like documents, drawings, blueprints, procedures for e.g. crisis management, defence, search & rescue, law and order, healthcare, education, infrastructure (e.g. road, railway, telecom, broadcast, electrical grid etc.) and utilities etc. – needed to keep a society running.

AGAINST HACKING, RANSOMWARE, ELECTROMAGNETIC WEAPONS, BIT-ROT AND MORE .

1 https://www.businessinsider.com/warren-buffett-cybersecurity-berkshire-hathaway-meeting-2017-5?r=US&IR=T 2 https://cybersecurityventures.com/hackerpocalypse-cybercrime-report-2016

3 https://www.bankinfosecurity.com/cybercrime-as-a-service-economy-stronger-than-ever-a-9396 4 https://www.finews.com/news/english-news/55048-zurich-ceo-cyber-attacks-uninsurable 5 https://www.finews.com/news/english-news/55208-zurich-insurance-suffers-hacker-attack 6 https://cybersecurityventures.com/top-5-cybersecurity-facts-figures-predictions-and-statistics-for-2021-to-2025/#:~:text=According%20to%20the%20Cyber security%20Ventures,greatest%20wealth%20transfers%20in%20history.

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www.piql.com

Piql AS Grønland 56 3045 Drammen NORWAY +47 905 33 432 office@piql.com