The cost of cyber attacks will rise to $8 trillion in five years

Cyber attacks will cost businesses across the world $8 trillion in the next five years, according to a new Juniper Research report. Just to put things in perspective, India's entire GDP crossed $8 trillion two years ago. The report says that we'll hit that threshold very soon due to higher levels of Internet connectivity, and inadequate enterprise-wide security. Juniper's report, entitled The Future of Cybercrime & Security: Enterprise Threats & Mitigation 2017-2022, says the number of personal data records stolen this year will hit 2.8 billion, and is expected to hit five billion, almost double, by 2020. Businesses are trying… [Continue Reading]