Global firms could lose over $5tr to cybercrime over the next five years, a new Accenture study has warned.
The consulting giant interviewed over 1700 CEOs and other C-suite executives to compile its report, Securing the Digital Economy: Reinventing the Internet for Trust.
It claimed that as businesses become more dependent on complex web-based models, their ability to innovate and grow securely cannot keep up.
In fact, over three-quarters (79%) claimed that the growth of the digital economy will be held back unless internet security is dramatically improved, while 59% said they don’t know how to react to growing instability.
By Phil Muncaster
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