Article posted: Apr 08
Forbes recently reported cyber crime costs are projected to reach $2 trillion by 2019. By their estimates, the pace of cybercrime growth should quadruple in the next four years. The article cites a number of sources from the World Economic Forum to bean-counter Booz Allen on ways to calculate the total cost of cyber crime to organizations. It's not just about the money, either. There's a brand cost that also comes into play. In the months following the infamous 2013 Target breach, Target sales plummeted and led to several key executive firings.