26th July, 2019
1 Min read
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Cybercriminals cost the global economy $2.9 million every minute last year, a total of $1.5 trillion, according to RiskIQ.
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Top companies pay $25 per minute due to security breaches. Additional malicious activity includes:
Tactics range from malvertising to phishing to supply chain attacks that target e-commerce, like the Magecart hacks that have increased by 20% in the last year. The motives of cybercriminals include monetary gain, large-scale reputational damage, political motivations, and espionage.
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