Cybercrime costs are Rising

The costs of cybercrime are extremely high these days. This year we’ve seen how a church lost $1.75 million in a BEC scam; two cities in Florida paid ransoms totaling over a million dollars after ransomware attacks; and British Airways had to pay a fine of £183 million.

Though we will have to wait some time to discover the total costs of cybercrime in 2019, we now have a figure that demonstrates the economic damage that it caused in 2018.