Living in a digital era where every individual is becoming more dependent upon computing power, there is no question as to why the digital space has become such a desirable target for cybercriminals. At the beginning of 2017, Forbes noted a prediction of cybercrime costs to possibly reach $2 Trillion by 2019.
Since 2015, Symantec has reported that cybercrime victims spent $126 billion globally and spent an average of 19.7 hours dealing with cybercrime. Currently, as many as 3,617 data records are lost or stolen every minute. Though not all breaches are the same, the financial services and healthcare industries are the top two industries with highest average global cost of data breach per lost or stolen record, according to the 2017 Ponemon Cost of a Data Breach Report.
*** This is a Security Bloggers Network syndicated blog from Cimcor Blog authored by Jacqueline von Ogden. Read the original post at: https://www.cimcor.com/blog/global-costs-of-cybercrime-in-2017