There’s no denying that cyber crime has become a business, and business is booming. British insurance giant Lloyd’s of London estimated the cyber crime market at $400 Billion in 2015. As a result, the World Economic Forum estimates that the total economic cost of cybercrime to currently be $3 trillion worldwide. However, Microsoft predicts that by 2020, data volumes online will be 50 times greater than today. This has led Cybersecurity Ventures to predict that cybercrime will cost the world in excess of $6 trillion annually by 2021. Juniper Research estimates that “the rapid digitization of consumers’ lives and enterprise records” will be a major factor in driving up the cost of data breaches.