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Cybercrime costs businesses up to $8 trillion per year

Posted On: Oct. 26, 2020 9:03 AM CST

Serguei Beloussov, chief executive of Swiss cyber security firm Acronis International GmbH, said that cybercrime is costing businesses worldwide up to $8 trillion per year, IT Online reported. Targeting remote workers, phishing, distributed denial of service, and videoconferencing attacks are the most common type of cyber attacks, a report by Acronis said.

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