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Cyber security breaches to rise 70% by 2024

Open-access content Friday 23rd August 2019 — updated 5.50pm, Wednesday 29th April 2020

Cyber security breaches will increase by nearly 70% over the next five years and cost businesses around $5trn (£4trn) annually, up from approximately $3trn today.

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That is according to a new report from Juniper Research, which said that global cyber security costs are likely to rise by around 11% every year up until 2024.

Read the full article on our Predictions site here. 

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

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