Sentences with phrase «cybercrime cost»

Cybercrime costs the economy more than $ 1 trillion per year, and crooks are increasingly setting their sights on small businesses.

Not exact matches

There have been reports that estimate the global cost of cybercrime exceeded $ 600 billion last year.

The global cost of cybercrime has now reached as much as $ 600 billion — about 0.8 percent of global GDP — according to a new report.

Security software developer McAfee estimates that cybercrime already costs the global economy $ 445 billion a year, a figure destined to surge as more companies and consumers across the planet connect to the web.

BEIJING, China — Faced with rising cybercrime like the attack on Sony Pictures Entertainment, companies worldwide are under pressure to tighten security but are hampered by cost and, for some, reluctance to believe they are in danger.

Cybercrime alone — including stolen credit card numbers and industrial espionage — now costs the UK # 27 billion a year, according to the government's Office of Cyber Security and Information Assurance.

Online romance scams, a new form of cybercrime, is under - reported and increasing, and has victimized an estimated 230,000 people in England, costing them nearly $ 60 billion a year, according to an article in Cyberpsychology,...

Online romance scams, a new form of cybercrime, is under - reported and increasing, and has victimized an estimated 230,000 people in England, costing them nearly $ 60 billion a year, according to an article in Cyberpsychology, Behavior, and Social Networking, a peer - reviewed journal published by Mary Ann Liebert, Inc..

Whilst this might seem a little extreme, the ACORN (Australian Cybercrime online Reporting Network) which is a government funded initiative, deals with literally with thousands of cases of identity theft, scams and cyber bullies every year costing the Australian Government billions of dollars!

When you see the numbers associated with the costs of cybercrime you would be forgiven for believing the problem is insurmountable.

Often, because people feel the Internet is too complicated and the threats are unknown or ambiguous, they default to a learned helplessness where they simply accept cybercrime as part of the cost of going online.

Thus, where a claim based on cybercrime (now a defined term under our policy) would otherwise be eligible for coverage (because it arises from a lawyer's delivery of professional services), it will be covered, but only up to a sublimit of $ 250,000, including defence, repair and indemnity costs together.

In a study titled The Cost of Cybercrime, Accenture surveyed 254 companies in seven countries.

Norton's latest study estimates the global cost of consumer cybercrime is $ 110 billion a year.

With cybercrime damage costs predicted to hit $ 6 trillion annually by 2021 and an anticipated worldwide shortage of 1.8 million cyber security professionals by 2022, businesses are scrambling to hire the qualified people they need to secure systems, combat threats, and protect crucial data.

According to Juniper Research, the annual cost of data breaches through cybercrime is expected to reach $ 2.1 trillion globally by 2019.