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International

Cyber attacks cost India $4 billion

February 20, 2017 Reprints

Cyber attacks cost India $4 billion in the fiscal year ending March 31, 2017, Mint reports citing the Press Trust of India. Cyber crimes caused economic losses of $455 billion globally in 2016. Cyber crime is growing at a rate of 40%-50% per year globally. Global cyber risk insurance premium stood at $3.5 billion in 2016, up from $2.5 billion in 2015.

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Cyber attacks cost India $4 billion

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