Data breaches and online security lapses cost companies more than just money. It’s also about their reputation and the effort needed to restore systems and enhance security after an attack. This leaves us wondering what the real cost of cybercrime is and how strategies can be improved to fight off attacks.
As cybercrime damages are forecast to reach a staggering $2 trillion globally by 2019, machine learning applications aiming to better safeguard IT infrastructures from unknown threats will boost investments in big data, intelligence and analytics to $96 billion by 2021, according to ABI Research.
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