A new report reveals the staggering cost of cyber crime - over a trillion dollars worldwide. The UK economy alone has suffered a loss of £27 billion. Government, citizens, insurance companies, and SMEs are the sectors hardest hit by rising levels of cyber crime. To protect against cyber attacks, businesses, governments, and individuals must invest in robust security measures, regularly update software, and train employees on cyber security best practices. With a comprehensive incident response plan and a culture of cyber security, the risk of cyber crime can be reduced.