image credit: Clyde Robinson / flickr
The volume and velocity of data breaches are on the rise, and so are the costs.
Cybercrime is expected to cost the world $6 trillion in 2021, according to the Cyberwarfare in the C-Suite report from Cybersecurity Ventures. More staggering still is the expectation that global cybercrime costs will continue to grow, at a predicted 15% annually for the next five years, hitting $10.5 trillion by 2025. That’s up from $3 trillion in 2015.
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