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“Cybercrime will cost 10.5 trillion euros by 2025”

Monday June 12, 2023 | Event

  • María Jesús Almazor, CEO Cybersecurity and Cloud at Telefónica Tech: “If cybercrime were a country, it would be the third largest economy in the world”.
  •  “There are 1,700 cyber-attacks detected every second in the world,” says Almazor.

‘CSI Radar‘ kicked off today at the Palacio de Exposiciones y Congresos de Sevilla (FIBES). The inaugural event was attended by María Jesús Almazor, CEO of Cybersecurity and Cloud at Telefónica Tech; Gabriel González, from the Public Prosecutor’s Office; and Commander Teodoro López Amador from the UME. Francisco Javier Páez, Deputy Mayor of Seville City Council, also took part in the opening ceremony. Antonio Sanz, Minister of the Presidency of the Andalusian Regional Government, shared a video message with the attendees.

 “1,700 cyber-attacks are detected every second in the world”.

One of the main attractions was the participation of María Jesús Almazor, CEO of Cybersecurity and Cloud at Telefónica Tech, who addressed resilience in building the future in business. “Cyber-resilience is the ability of companies to anticipate, prevent, resist and recover after a cyber-attack”, stressing that “the level of response is the difference between companies that will survive and those that will not” in the future.

Almazor gave chilling figures on cyber-attacks, stating that “there are 1,700 cyber-attacks per second in the world“, while “the cost of cybercrime will be 10.5 trillion euros by 2025“. Furthermore, “if cybercrime were a country, it would be the world’s third largest economy, behind only the USA and China“.

“The Junta is to allocate 17 million euros for the detection of cyber-incidents”.

Antonio Sanz, Minister of the Presidency of the Andalusian Regional Government, stressed that the aim is to “make Andalusia a benchmark in cybersecurity and to do this we must promote culture in this sector”. The Junta is going to allocate “17 million euros for the detection of cyber-incidents, not only detection, but also to stop an attack”.

For his part, Francisco Javier Páez, Deputy Mayor and Delegate for Economy, Trade and Tourism of Seville City Council, did not miss the opportunity to emphasise that with events like this “Seville joins its name to the future, from the point of view of sustainability and innovation”.

“Many cyber-attacks are driven by vanity or greed”.

The ‘CSI Radar’ also featured Gabriel González, from the Public Prosecutor’s Office, who addressed economic cybercrime and crimes against individuals, “who must be provided with a minimum level of knowledge to safeguard their security” so as not to fall victim to cyberattacks out of “vanity, greed or laziness“. Similarly, González advocated anticipating cybercriminals in order to “provide a solution in advance”, while “unifying criteria in search of solutions for both companies and individuals”.

In turn, Commander Teodoro López Amador, Head of the Institutional Relations, Public Communication and Protocol Section of the Second Emergency Intervention Battalion of the UME, showed the important role of the UME in the cybersecurity sector in Spain: “Our main occupation is to guarantee the operational function during emergencies, as well as to be a reliable source of information through social networks and our communication channels”, warned the Commander of the UME, a unit that invests 60% of its total budget in technologies and information.

For her part, María Medina, General Director of Medina Media Events, presented ‘The Observatory’: “The two words that define them are ‘observe’ and ‘connect’ 24 hours a day, 365 days a year. Bringing all those news highlights of new technologies”.

Companies such as Telefónica Tech, Tesla, ZTE, AWS, Proofpoint and ‘El Observatorio’ are present in the area set aside for demonstrations at the Palacio de Congresos y Exposiciones. Tesla is allowing attendees to test-drive several late-model smart cars on a closed driving circuit. For its part, ZTE is showing professionals different cutting-edge practices carried out in the laboratories and security centres. In addition, AWS has a cyber-attack-preventing suitcase transporter used in the Ukraine conflict.

All the conferences of this day and those of the entire event can be followed on ‘The Observatory‘, a platform launched by Medina Media Events. This first edition of ‘CSI Radar’ is promoted by Telefónica Tech, Sevilla City Office and FIBES, and has the support of AWS, Proofpoint, Huawei, ZTE, IBM, Cremades & Calvo-Sotelo and ‘El Observatorio’.

The ‘CSI Radar’ is being held from today Monday until next Friday 16 June.  This afternoon will feature the participation of industry experts such as the Director of Software Sales at IBM, Isabel Tristán; as well as Pedro Álamo, Senior Account Manager Public Sector at Proofpoint; Jesús Rodríguez, Cybersecurity Sales Specialist-Iberia at AWS; or Arancha Jiménez, Head of Cybersecurity Services and Product at Eviden; José Capote, Cyber Security And Privacy Officer (CSPO) at Huawei; and Antonio Relvas, Director of Cybersecurity Strategy at ZTE.