Average cost of cybercrime rises by 200% in just five years

Cybercrime is costing the global economy up to $450 billion annually, a new report by Hamilton Place Strategies reveals.

The paper, entitled Cybercrime Costs More Than You Think, opens by stating that: “In an increasingly interconnected world fueled by the expansion of digital technology, cybercrime has become a big business.”

Average cost of cybercrime rises by 200% in just five years