- 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.
Analyzing the volume of malicious activity on the internet, RiskIQ researchers revealed that cybercrime costs organizations $24.7, a year-over-year increase of more than $2 per minute. Globally, cybercrime will cost $11.4 million a minute by 2021, twice as much as in 2015, researchers said.