How to protect data and privacy in a borderless world? Technological innovations bring great promise, but each new advancement presents another vulnerability that must be shored up. For this reason, technologists are starting to bake in security to hardware, operating systems and applications.

Data breaches cost industries millions of dollars every year, with healthcare topping out at $363 million in costs. By 2020, more than 25 percent of enterprise security attacks will involve the Internet of Things. The cost per day of a cyberattack is $21,155. The total cost of cybercrime could reach more than $2.1 trillion by 2020. The average cost of a cyber attack in 2015 was $3.79 million.

IDC predicts that more than 1.5 billion people will be affected by data breaches in 2020. Cloud computing and the Internet of Things add a new wave of vulnerabilities. Criminal hackers are becoming more sophisticated, and cybercrime prevention plans shall include encryption, biometrics, machine learning and real-time analytics. Security paradigms will resemble human immune systems, becoming dynamic and predictive.