The Pandemic Struck, and Cyber Criminals Went to Work

As the world’s attention was focused elsewhere, cyber criminals went on a major offensive, keeping enterprise security teams around the world on their toes.

According to a recent McAfee report, cybercrime will cost the global economy more than $1 trillion this year: $945 billion in monetary losses and $145 billion in cybersecurity spending. Insurance giant Allianz estimates that 2020 is on track to hit record highs for the number of cybercrime-related insurance claims.

Read full article at Data Center Knowledge.