Research: $2.1 Trillion Business Will Loss From Cyber Attacks By 2019


Research: $2.1 Trillion Business Will Loss from Cyber Attacks By 2019.

Cyber Security is become most important concern around the world — for people, organizations and countries. Unfortunately, numerous either don't consider the risk important or aren't doing what's needed to protect themselves from cyber crime.

As a greater amount of the world's business organizations move their base and administrations on the web, a more prominent measure of information will be vulnerable. As such, the following couple of years will be a dash for unheard of wealth for cyber criminals.

With more individuals and organizations sharing more stuff on the web, the size and extent of advanced information is blasting in worth. Also, that turns implies that shadow criminal associations and nations are putting enormous wholes in enlisting and preparing groups of programmers.

According to Juniper Research report,
‘Currently, we aren’t seeing much dangerous mobile or IoT malware because it’s not profitable’, noted report author James Moar. ‘The kind of threats we will see on these devices will be either ransomware, with consumers’ devices locked down until they pay the hackers to use their devices, or as part of botnets, where processing power is harnessed as part of a more lucrative hack. With the absence of a direct payout from IoT hacks, there is little motive for criminals to develop the required tools.’

Other key findings include:

Nearly 60% of anticipated data breaches worldwide in 2015 will occur in North America, but this proportion will decrease over time as other countries become both richer and more digitized.
The average cost of a data breach in 2020 will exceed $150 million by 2020, as more business infrastructure gets connected.

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About Priyanshu Sahay

A Social Media and Cyber Security Expert. Love to write about latest technology and Gadgets.