Report shows $11.4M lost globally every minute to cybercrime


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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