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How expats can untangle themselves from tech laws

If you’re an expat immigrating to a new country, you have a lot on your plate including familiarising yourself with the legal and financial laws in your new country. What might not be top of mind are your country’s tech laws, which have been created to protect residents and the wider Internet from the growing incidents of cyber crime.

The escalating rate of global cyber crime

Akamai’s 2016 State of the Internet Security Report demonstrates that Internet and web attacks are escalating both in number, severity and duration.

Juniper Research has also revealed that cyber crime is estimated to cost businesses over $2 trillion by 2019 which is almost four times the estimated cost of the breaches in 2015. The research also reported that the majority of these breaches would come from existing IT and network infrastructure. The report also revealed that the average cost of a data breach in 2020 would exceed $150 million as more businesses infrastructure gets connected.

The most recent 2016 Cyber Attack Statistics from hackmageddon.com show the top motivations behind cyber attacks to be:

 

To help fight the increase every country has created new cyber laws which residents have to adhere to or they will face prosecution. Here are some countries where the laws are more restrictive than others and their aim is to control their residents’ access to global media:

Countries with restrictive cyber laws

If you’re an expat and need advice about your financial migration, contact us today and we’ll help you on the path to financial freedom in your new home.
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