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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.
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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The magazine of the Institute & Faculty of Actuaries
The magazine of the Institute & Faculty of Actuaries