Cybersecurity involves protecting systems, networks, and programs from digital attacks. These attacks typically aim to access, change, or destroy sensitive information, extort money from users, or interrupt normal business processes. The urgency of cybersecurity escalates as businesses increasingly rely on digital platforms.

As per Cybercrime Magazine, in 2023, the global financial impact of cybercrime is predicted to be severe, with costs amounting to $8 trillion USD, reflecting a significant challenge to businesses and economies worldwide. This staggering figure includes various types of economic damage, such as data destruction, monetary theft, and disruption to normal business operations. The growth rate of these costs is expected to increase by 15% annually, indicating a worsening scenario if not adequately addressed

Businesses must be cautious of cyber attacks because they not only result in substantial financial losses but also erode trust among customers and partners. A successful breach can compromise client data and proprietary information, leading to legal consequences and reputational damage. In an era where consumer confidence is paramount, safeguarding against cyber scam offenses is not just a technical necessity but a cornerstone of maintaining a trustworthy and resilient business.

Recognizing the seriousness of these threats, the Internet 2.0 Conference aims to address these challenges head-on, demonstrating our proactive approach to enhancing cybersecurity and ensuring the safety of all stakeholders.