The potential costs of cybercrime that can’t be calculated

The potential costs of cybercrime that can’t be calculated

Cybersecurity risk often is treated as a nebulous, abstract concept. However, the possibility of attacks that start as cyber incidents but turn out to be a precursor to physical attacks are increasingly commanding more of our attention and vigilance.

Analysis of the cost of cyberattacks often comes with a price tag attached. We regularly read reports highlighting the average and cumulative costs of data breaches, and those figures can be staggering, such as in a Juniper Research report that asserts the global cost of breaches could exceed $2 trillion by next year. While such whopping estimates rightfully garner attention, often overlooked is an even deeper and more jarring consideration — the relationship between information and cyber security and our physical security.

By Matt Loeb

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