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Rising connectivity and sophisticated toolkits drive Australian cybercrime costs above $1 billion per year.
Nigel Pugh · Venture InsightsPeriod: JUNE 201712 min read
Last updated
Estimated annual global cost of cybercrime
Attacks attributed to insiders per IBM survey
This report examines the evolving landscape of cyber security threats, highlighting the transition toward 'Cybercrime as a Service' models. It identifies key actors ranging from script kiddies to nation states and quantifies the economic impact, noting that global cybercrime costs approximately US$400 billion per year. The analysis focuses on the proliferation of IoT devices and the critical role of executive leadership in mitigating organizational risk through six strategic questions designed for boards and senior management.
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