Cyber Security

J.P. Morgan, BOA, Citi, And Wells Spending $1.5 Billion To Battle Cyber Crime

“The British insurance company Lloyd’s estimates that cyber attacks cost businesses as much as $400 billion a year, which includes direct damage plus post-attack disruption to the normal course of business. Some vendor and media forecasts put the cybercrime figure as high as $500 billion and more.”

Source: J.P. Morgan, BOA, Citi, And Wells Spending $1.5 Billion To Battle Cyber Crime – Forbes

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