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Business Hit with Six-fold Increase in Cybersecurity Losses in Past Year

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Business Hit with Six-fold Increase in Cybersecurity Losses in Past Year

The insurer Hiscox released a study revealing a six-fold increase in cybersecurity losses among businesses in the past year. The international study, using findings from 5,569 companies across eight countries, shows a $1.2 billion rise in cyber losses to almost $1.8 billion, with the most heavily-targeted sectors being financial services, manufacturing and technology, media and telecoms (TMT). Read the original post at Financial Post: https://digit.fyi/six-figure-increase-in-cybersecurity-losses-over-the-last-year-study/

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