Data breaches could cost $2.1T globally by 2019

 As individuals' lives become more digitized, so does the threat of data breaches and the likelihood a cyberattacker will attempt to access that data.

A recent report from the Ponemon Institute found the majority of healthcare data breaches are caused by criminal attacks.

Cybercrime is, unfortunately, a growing trend, and a new report from Juniper Research indicates the cost of data breaches worldwide may reach $2.1 trillion by 2019, nearly quadrupling the estimated cost of data breaches in 2015.

The report also suggests that while the majority of data breaches in 2015 will occur in North America — approximately 60 percent — this breach activity concentration will lessen over time as other countries continue to build their digital infrastructure.

Additionally, as business infrastructures become more connected, the cost of a single breach in 2020 could exceed $150 million, according to Juniper Research.

More articles on cybersecurity:

13 statistics on the state of cybersecurity
Pacemakers: A new threat to cybersecurity?
House to combine cybersecurity threat information sharing bills

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