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Cybercrime & Data Breaches to Cost Businesses $8 Trillion Over the Next 5 Years

Matt Golueke May 3, 2017 1:00 AM

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Cybersecurity spend to increase just 8% per annum compared to 30% in cybercrime costs

Hampshire, UK - April 25, 2017 (Investorideas.com Newswire) A new report by Juniper Research has found that while spend on cybersecurity is increasing, it is not keeping pace with threats posed by data breaches. The new research, The Future of Cybercrime & Security: Enterprise Threats & Mitigation 2017-2022, forecasts that global cybersecurity spend will reach nearly $135 billion in 2022, up from an estimated $93 billion this year. However, over the next five years, data breaches will have cost business a cumulative total of $8 trillion in fines, lost business and remediation costs. Read the entire article here: http://linkis.com/investorideas.com/r7jH1

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One area that needs particular attention is your security system. Not only is it capturing and storing suveillance data, but a breach could also comprimise security at the perimeter. 

Learn how to secure your video surveillance system with new technologies here.

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Topics: MidChes Value Add, Your Challenge, Our Solution

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