Report shows $11.4M lost globally every minute to cybercrime

From securitymagazine.com

RiskIQ released its annual “Evil Internet Minute” report. The company analyzed the volume of malicious activity on the internet, revealing that cybercrime costs organizations $24.7 per minute, a year-over-year increase of more than $2 every minute. The research projects that it will have a per-minute global cost of $11.4 million by 2021, a 100% increase over 2015.

The 2020 Evil Internet Minute covers the top threats facing today’s organizations, which are proliferating at a clip of 375 per minute, and reflects the current surge in attacks leveraging the COVID-19 pandemic.

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