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The cost of data breaches will rise from $3 trillion each year to more than $5 trillion in 2024, an average annual growth of 11%, says a new report from Juniper Research.
The new research, The Future of Cybercrime & Security: Threat Analysis, Impact Assessment & Mitigation Strategies 2019-2024 noted that while the cost per breach will steadily rise in the future, the levels of data disclosed will make headlines but not impact breach costs directly, as most fines and lost business are not directly related to breach sizes.
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