Cybercrime to cost world $6 trillion per year by 2021
Posted On: Mar. 25, 2020 5:46 AM CSTA report by U.S.-based cyber research firm Cybersecurity Ventures said that cybercrime will cost the world $6 trillion per year by 2021, up from $3 trillion in 2015, Cisomag reports. Steve Morgan, founder of Cybersecurity Ventures, said, "Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm."