Global Cybercrime Will Cost Businesses $11.4 Million Per Minute by 2021

  • Cybercrime will cost more than $11 million per minute globally by 2021
  • Organizations spend on average $25 per minute to tackle malicious activity
  • Threat intelligence emerges as a key asset in defending the enterprise against cyber threats

The global cost of cybercrime has doubled since 2015. Cybercrime now costs organizations $25 per minute and will have a per-minute global cost of more than $11 million by 2021, according to a new report.

*** This is a Security Bloggers Network syndicated blog from Business Insights In Virtualization and Cloud Security authored by Filip Truta. Read the original post at: http://feedproxy.google.com/~r/BusinessInsightsInVirtualizationAndCloudSecurity/~3/jqHvxBlgNFU/global-cybercrime-will-cost-businesses-11.4-million-per-minute-by-2021