Cybercrime Will Cost Businesses Over $2 Trillion by 2019

BASINGSTOKE, England, May 12, 2015 /PRNewswire/ —

Hacktivism Professionalising and Going After Bigger Targets 

New research from leading market analysts, Juniper Research, suggests that the rapid digitisation of consumers\’ lives and enterprise records will increase the cost of data breaches to $2.1 trillion globally by 2019, increasing to almost four times the estimated cost of breaches in 2015.

The research, entitled \’The Future of Cybercrime & Security: Financial and Corporate Threats & Mitigation\’, has found that the majority of these breaches will come from existing IT and network infrastructure. While new threats targeting mobile devices and the IoT (Internet of Things) are being reported at an increasing rate, the number of infected devices is minimal in comparison to more traditional computing devices.

The Cybercrime Economy Driving Action 

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