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Global Cost of Cybercrime Predicted to Hit $6 Trillion Annually By 2021, Study Says

A report predicts global annual cybercrime costs will grow to $6 trillion by 2021. Cybersecurity Ventures report also predicts that the worlds cyberattack surface will grow an order of magnitude larger between now and 2021. The longer it takes to find and resolve a breach, the more costly it will be for an organization, the report says. A study by The Office of National Statistics for England and Wales found that most cybercrimes go unreported. In the 2016 Dark Reading Security Salary Survey, 9% of IT and infosec pros don’t even know if they’ve been breached.”]

Source: https://www.darkreading.com/attacks-breaches/global-cost-of-cybercrime-predicted-to-hit-6-trillion-annually-by-2021-study-says

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