Financial Impact of Cybercrime Exceeded $45B in 2018

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Cybersecurity incidents cost an estimated $45 billion in 2018, according to a new report that aggregates data from different types of reported security incidents from around the world.

It’s difficult to get a complete picture of the cyber incident landscape, says Jeff Wilbur, technical director of the Internet Society’s Online Trust Alliance (OTA), which today published its “2018 Cyber Incident & Breach Trends Report.” “Everyone’s viewing it from their own lens,” he says.

When the OTA published its first edition of this report 11 years ago, it only focused on data breaches, Wilbur adds. A rapidly evolving threat landscape forced it to broaden its scope.

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