A report recently surfaced placing the global impact of cybercrime at a staggering $450B. Naturally, it pressed on the tender wound and supplied further evidence that we are woefully unprepared, globally, to tackle such a complex challenge.

In 2016 “cybercrime cost the global economy over $450 billion, over 2 billion personal records were stolen and in the U.S. alone over 100 million Americans had their medical records stolen,” said Steve Langan, chief executive at Hiscox Insurance, told CNBC.