Hackers Will Cost Businesses ‘More Than £1.3 Trillion’ By 2019

“The cost of cybercrime are set to reach record levels within the next few years as hackers look to gain richer prizes than ever before, according to new research.

A report from Juniper Research has estimated that data breaches and cybercrime will cost businesses around the globe a whopping $2.1 trillion (£1.3tn) by 2019 – four times the cost of breaches this year.

The firm estimates in its Cybercrime and the Internet of Threats white paper that the average cost of a data breach rising to exceed $150 million (£95.78m) by 2020, as more and more business infrastructure gets connected.”

Source: Hackers Will Cost Businesses ‘More Than £1.3 Trillion’ By 2019

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