Presentation I give during 5th CYBERSEC European Cybersecurity Forum.
According to some estimates, by 2020 the number of smart cities will reach 600 worldwide, and 60 percent of the worlds GDP will be produced in them. The potential market for smart cities could be more than $1 trillion dollars. In the same time the global cost of cybersecurity crime is anticipated to hit $6 trillion by 2021. The inter connectivity of devices comprising the Internet of Things in smart cities could make this damage exponential in nature. This presents a tremendous challenge to secure its growth. The more data we collect, the more difficult it becomes to secure.
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