Cyber attacks could cost companies USD 5.2 tln over 5 years - study

Friday 18 January 2019 | 11:15 CET | News
Cybercrime could cost companies some USD 5.2 trillion in additional costs and lost revenue over the next 5 years, according to an Accenture survey of more than 1,700 CEOs and executives around the globe. A general dependency on complex internet-enabled business models is currently outpacing the ability to introduce adequate safeguards that protect critical assets, said the report, adding that cybercrime from a wide range of malicious activities poses ever increasing challenges. The high-tech industry faces the highest risk, said Accenture, with more than USD 753 billion hanging in the

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Categories: Internet
Companies: Accenture
Countries: World
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