Cybercrime cost the world over $1 trillion in 2020

More than $1 trillion was spent on cybersecurity or given up as a result of a cyberattack last year, representing approximately one percent of the world’s GDP. This is according to a report from Atlas VPN, which states that the majority ($945 billion) was lost due to cybersecurity incidents, while the remaining $145 billion was spent on putting protections in …

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Cybercrime is now a trillion-dollar cost to the global economy

Cybercrime is now a trillion-dollar cost to the global economy, according to a new report from cybersecurity firm McAfee. The Hidden Costs of Cybercrime report states that costs have risen 50 percent, compared to 2018 when they were estimated at $600 billion. Further, many of the impacts of cybercrime, albeit significant, remain unseen. Losing money and intellectual property remain the …

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As CCPA enters enforcement, the cost of email mistakes becomes clear

After nearly two years of waiting, the California Consumer Privacy Act (CCPA) has officially entered its enforcement phase. Undeterred by some businesses claiming that the Covid-19 crisis has affected their ability to bring their systems into compliance with the new law, the California Attorney General’s office issued its final guidelines in early June and stated that it expects those affected to be …

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