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. https://channellife.com.au/story/cybercrime-could-cost-companies-us-5-2tril-over-next-five-years-survey
blog article
CYBERCRIME COULD COST COMPANIES US$5.2TRIL OVER NEXT FIVE YEARS – SURVEY
Companies globally could incur US$5.2 trillion in additional costs and lost revenue over the next five years due to cyber attacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets, according to a new report from Accenture. Based on a survey of more than 1,700 CEOs and other C-suite executives around the globe, the report, Securing the Digital Economy: Reinventing the Internet for Trust, explores the complexities of the internet-related challenges facing business and outlines imperatives for the CEO’s evolving role in technology, business architecture and governance. The report notes that cybercrime from a wide range of malicious activities poses significant challenges that can threaten business operations, innovation and growth, and the expansion into new products and services, ultimately costing companies trillions of dollars. READ MORE