CYBERCRIME WILL “COST GLOBAL ECONOMY $6 TRILLION” BY 2021

New trends identified by research teams at Cybersecurity Ventures state that cybercrime will cost global businesses $6 trillion in the next two years, up from $3 trillion in 2015. Ransomware played a key factor in this, costing $11.5 billion alone, while state-sponsored attacks are on the rise. Experts also cited the changes with GDPR for the apparent increase in data breaches.