by Ian Jenkins, SHTFPlan:
Cybercrime attacks are expected to cost us $6 trillion a year by 2021. In a single year, cyber terrorism could cost us three times more than the entire U.S. housing and real estate industry is currently worth.
The Chairman of IBM calls it the “greatest threat to every profession, every industry, every company in the world”. Cisco cites a report saying it will be more profitable than the global trade of all major illegal drugs combined. ATT calls it the greatest transfer of economic wealth in history.
The response? A desperate scramble to ramp up spending to protect their businesses, and another massive opportunity for investors.
With an estimated 4,000 cyber-attacks a day —and counting—the solution has to be serious. It has to be military-grade. And one little-known company has emerged with a unique military-grade cyber defense solution that even small- and medium-sized business can afford.
Hill Top Security Inc. is one of the world’s first cyber security companies that has met the U.S. Department of Defense’s rigorous FIPS-FIAR standard for financial transactions. Hill Top is currently in the process of being acquired by Big Wind Capital Inc. (CSE: BWC; OTC:BGGWF).
And if they can reach a mass market with affordable solutions, they’ll be on track to become a market leader.
Right now, this is only on the radar of elite cyberdefense circles.
Soon, it will be on everyone’s. Not least because it is soon to be acquired by Big Wind Capital and it just partnered with Guardsight, a specialist in Managed Security Services and Tactical Cyber Security Operations for Fortune 1000 companies.
Here are 5 reasons to watch Hill Top/Big Wind Capital (CSE: BWC; OTC:BGGWF) closely, at the climax of a security threat that is more materially damaging than any other form of terrorism the world has ever seen:
#1 Welcome to World War III
World War III has already been declared, and it’s going down in cyber space.
Cyber criminals are now running organized cartels on the dark web to launch highly sophisticated and coordinated attacks.
The WannaCry cyber-attack is now infamous. The virus managed to take over 300,000 personal computers and demand $90 million in ransom. But that could have been just a test run, and $90 million is just a drop in the bucket.
Most recently, the U.S. was shaken by the Equifax hack. The personal data of more than 145 million Americans was stolen from Equifax credit-reporting agency. Now almost half of the country’s population is at risk of identity theft, bank account theft and credit destruction.
It is the Equifax attack more than anything that brings the cybercrime picture into full view. Anyone who thought it was a futuristic threat will now think again. It’s already hit half the country, and it’s likely not over yet.
And that was one of only three major breaches in the past two months. Hackers even breached the Securities and Exchange Commission (SEC) in late September, with stolen data likely used for illegal stock trading. Just days later, Deloitte disclosed a cyber-attack on its systems that breached its blue-chip clients’ non-public information.
- The average cost of each breach of data was $4 million in 2016, according to a global study by the Ponemon Institute. But in the U.S., as indicated in that study, the average cost has soared beyond that to $7 million.
- Right now, theft of trade secrets is costing nations between 1 percent and 3 percent of their entire GDP, or anywhere from $749 billion to $2.2 trillion every year, according to an IDG survey.
- There are roughly 4,000 cyber-attacks every day—and counting.
- In just four years, we’ll be looking at a global cost of $6 trillion every year in cybercrime damages. Just a year ago it was $3 trillion.
- 60 percent of small businesses close down within 6 months of a cyber-attack.
The bottom line? For criminals, this blows the illegal drug trade away. For investors in the crime-fighting side of things, it’s a $200-billion-plus opportunity over the next few years and Hill Top/Big Wind Capital (CSE: BWC; OTC:BGGWF) is primly positioned to be an important player in the sector.
#2 Cyber Security Spending Soaring
The problem is epic, and it calls for an epic solution—and epic spending.
Cyber security spending is set to go over $1 trillion per year by 2021. Information security is only one tiny sub-set of the cyber security beast, and spending in this microcosm is expected to reach over $86 billion this year. Next year, spending in this tiny sub-sector is expected to hit $93 billion.
Basically, our digital networks can be breached in many ways. Each new tech trend, Forbes notes, creates new weaknesses, from cloud computing and big data to the Internet of Things (IoT) and beyond. The more we spend on new technology, the more we spend on cyber security, so this is only going in one direction— and fast.
And we’re not keeping up with the criminals. It’s prohibitively expensive, but cyber-attacks are even more expensive, especially for small- and medium-sized businesses.
The government is spending, too. Major data breaches at the Office of Personnel Management and the IRS prompted Trump in May to sign an executive order for all federal agencies to review and update their old security systems.
#3 First Affordable Military-Grade Solution
Businesses across every industry, everywhere in the world, are under assault, and smart investors are finding profits in the companies that show the toughest line of defense.
Hill Top Security/ Big Wind Capital (CSE: BWC; OTC:BGGWF) offers a unique, proven platform—and it is one of the first in the world to give small and medium businesses the ability to protect themselves and their clients in the cyber space using military-grade solutions.
And this is military-grade cyber security. In fact, the same people behind Hill Top were hired by the U.S. intelligence community to build the auditing platform to keep track and detect financial anomalies.
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