Cyber Crime Costs Projected To Reach $2 Trillion by 2019

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‘Crime wave’ is an understatement when you consider the costs that businesses are suffering as a result of cyber crime. ‘Epidemic’ is more like it. IBM Corp.’s Chairman, CEO and President, Ginni Rometty, recently said that cyber crime may be the greatest threat to every company in the world.

Three years ago, the The Wall Street Journal estimated that the cost of cyber crime in the U.S. was approximately $100 billion. The estimate disputed other reports which pegged the numbers by as much as ten times higher.