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Cybercrime set to cost businesses $5.2trn over five years worldwide

Open-access content Monday 28th January 2019 — updated 5.50pm, Wednesday 29th April 2020

Cyber attacks could hit companies with $5.2trn (£4trn) in additional costs and lost revenue over the next five years, research by consultancy firm Accenture has found.

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The firm revealed that insurance and banking are in the top ten sectors most at risk from cybercrime, potentially losing $305bn and $347bn respectively.

Read the full article on our predictions site here. 


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This article appeared in our January 2019 issue of The Actuary .
Click here to view this issue

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