Industry News: Cyber

Business Losses to Cybercrime Data Breaches to Exceed $5 trillion by 2024

Written by Cybersecurity | Aug 29, 2019 8:54:45 PM

2019-08-26

Business Wire: A new report from Juniper Research found that the cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024, an average annual growth of 11%. This will primarily be driven by increasing fines for data breaches as regulation tightens, as well as a greater proportion of business lost as enterprises become more dependent on the digital realm.

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