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International

Firms likely to lose more than $120 million to cybercrimes

October 07, 2019 Reprints

Iceland's police authorities expect the country's companies and citizens to have lost 15 billion Iceland krona ($121 million) to cyber attacks in the past 12 months, Iceland Review reports citing Visir. Karl Steinar Valsson, chief of police, expects actual losses to be more extensive as only a fraction of cyber attacks are reported.

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Firms likely to lose more than $120 million to cybercrimes

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