Next year the world will lose $6 trillion in cyberattacks.

Next year the world will lose $6 trillion in cyberattacks.

During 2020, companies and households worldwide may suffer losses worth $6 trillion because of cyber attacks, Turkish Tourism Services Association head Kerem Alkin said. Alkin says that during 2015 the world lost $3 trillion because of cyberattacks and that [...]

Alkin says that during 2015 the world lost $3 trillion due to cyberattacks and that these financial losses are projected to reach $3.5 trillion for the past year.

He pointed out that in 2020, the world's cyber security expenditures, currently worth about $100 billion, will also total a trillion dollars.

“in 2020, the number of smart devices will reach 200 billion and people will use 300 billion passwords per day of life”, Alkin said.

As he indicated, between 2015 and 2017 an average company was exposed to cyberattack in every 40 seconds, and this rate is expected to reach every 14 seconds, Arsh follows.

“Illegal organisations turn towards cyberattacks due to high profit and low cost”, he stressed.

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