Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Threat Intelligence

5/30/2017
12:20 PM
50%
50%

Cybercrime Costs to Reach $8 Trillion by 2022

Some 2.8 billion data records expected to be breached in 2017, according to a report released today by Juniper Research.

Cybercrime costs are expected to saddle businesses with a whopping $8 trillion price tag over the next five years, as connectivity to the Internet rises but security system upgrades don't keep pace, according to a Juniper Research report released today.

In this year alone, 2.8 billion data records held by business customers are expected to be breached, according to the report, The Future of Cybercrime & Security: Enterprise Threats & Mitigation 2017-2022. And in the next five years, that figure is anticipated to balloon to 5 billion breached records.

Small-and mid-size businesses (SMBs) are expected to face the brunt of the attacks, given these organizations shelled out an average of under $4,000 a year in 2017 on cybersecurity efforts. The amount they spend is not expected to substantially increase over the next five years, despite rising threats and the fact that a number of small businesses run older software.

Running older software that has not been patched is just one problem that SMBs face. Another growing problem is the greater availability of easy to use ransomware toolkits that requires little to no programming skills on part of the cyberattacker, according to the report.

Read the Juniper Research report here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Gavinkeats
50%
50%
Gavinkeats,
User Rank: Apprentice
6/2/2017 | 7:24:54 PM
Apple Mac issues?
Your article does not specify operating systems, a search in the article for iOS appears to be a limited threat. Is that correct?
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
5/31/2017 | 10:54:08 AM
Actively Patch
Like many security training programs attest to, actively patching can remediate a very large percentage of risk at your organization. Unfortunately, there are many cases where active patching is not a reality due to fear of breaking business facing apps. This in and of itself has inherent risks as denoted by the article.
97% of Americans Can't Ace a Basic Security Test
Steve Zurier, Contributing Writer,  5/20/2019
TeamViewer Admits Breach from 2016
Dark Reading Staff 5/20/2019
How a Manufacturing Firm Recovered from a Devastating Ransomware Attack
Kelly Jackson Higgins, Executive Editor at Dark Reading,  5/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-5798
PUBLISHED: 2019-05-23
Lack of correct bounds checking in Skia in Google Chrome prior to 73.0.3683.75 allowed a remote attacker to perform an out of bounds memory read via a crafted HTML page.
CVE-2019-5799
PUBLISHED: 2019-05-23
Incorrect inheritance of a new document's policy in Content Security Policy in Google Chrome prior to 73.0.3683.75 allowed a remote attacker to bypass content security policy via a crafted HTML page.
CVE-2019-5800
PUBLISHED: 2019-05-23
Insufficient policy enforcement in Blink in Google Chrome prior to 73.0.3683.75 allowed a remote attacker to bypass content security policy via a crafted HTML page.
CVE-2019-5801
PUBLISHED: 2019-05-23
Incorrect eliding of URLs in Omnibox in Google Chrome on iOS prior to 73.0.3683.75 allowed a remote attacker to perform domain spoofing via a crafted HTML page.
CVE-2019-5802
PUBLISHED: 2019-05-23
Incorrect handling of download origins in Navigation in Google Chrome prior to 73.0.3683.75 allowed a remote attacker to perform domain spoofing via a crafted HTML page.