14 Aug Cyber Criminals Expected to Steal Over 146 Billion Records in Next Five Years
Juniper Research predicts in its recent study that a cumulative loss of 146 billion records will reached over the next five years, with over 12 billion records expected to be compromised this year.
It was also predicted that around 33 billion records will be stolen by cyber criminals in 2023 alone, despite the data protection laws that have been put in place.
The research firm also says that while the US will bear the brunt of data exfiltration efforts by cyber criminals, Asia-Pacific nations such as Singapore will also be hit. However, spending on cyber security is likely to remain static, since small businesses which comprise 99% of all companies will spend only 13% of the overall cyber security market in 2018.
Source: Computer Weekly