Alarming Stats: Global cyber losses to reach $6 trillion in two years

Ouch. The good news is that there are some reasonably straightforward actions you can take to reduce the risk to your own organisation…:

The cyber threat is producing some alarming statistics. A report by Aon found that annual global cyber losses are expected to reach $6 trillion  by 2021, with cybersecurity spending set to exceed $1 trillion cumulative in the five years leading up to 2021.

The report released on Tuesday stated that organisations were starting to see the significant financial impact of non-compliance with data privacy and the General Data Protection Regulation (GDPR).

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