Cybercrime Cost Companies Trillions in 2020
02.03.2021 | News
In the first half of 2020, there were more data breaches than any other year on record. Affected companies were held financially responsible when their data was accessed by Cybercriminals.
More than 125 Organizations were Hacked, resulting in Exposure of Business and Personal Data. In the case of large companies, data loss was in the range of 10 million to 99 million records.
Additionally, businesses were targeted with class action lawsuits, forced to pay millions of dollars in ID Theft Recovery and Reimbursement for hundreds of thousands of people.
Cybercrime is estimated to have cost companies trillions in 2020
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