NEW YORK - The global cybercrime cost has snowballed over the years, with companies and organizations worldwide losing head-spinning figures in cyber attacks. According to data presented by Stocklytics.com, the annual cost of cybercrime will hit $9.2 trillion in 2024, one trillion more than last year. This figure is expected to jump by a further
DETROIT - Over the years, cyber attacks and data breaches became one of the biggest risks in the business sector, compromising sensitive data and causing a massive financial hit to companies and organizations worldwide. According to data presented by BuyShares.co.uk, more than 40 percent of companies feel threatened by cyber incidents and find it the
SAN FRANCISCO - A report Wednesday says cybercrime may now be costing businesses worldwide as much as $600 billion. Why? Because criminals know it's unlikely they'll get caught. There's even a new trend called Ransomware-As-A-Service. "The digital world has transformed almost every aspect of our lives, including risk and crime, so that crime is more
ROCHESTER HILLS - According to the National Cyber Security Alliance, one out of every five small-and-medium sized businesses is hit by cybercrime each year. Roughly 60% of these SMBs are out of business within six months of an attack. Today's cybercriminal doesn't discriminate by business type or size. They look for exposed security cracks and
