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Windows 7: Cyberattacks fallout could cost the global economy $3 trillion by 2020

22 Feb 2014   #1
A Guy

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Cyberattacks fallout could cost the global economy $3 trillion by 2020

The global risk of cyberattacks is a real and growing threat, and could carry a whopping price tag, says McKinsey & Company in a report on enterprise IT security implications released in January 2014.

What kind of risk? Organizations worldwide are not "sufficiently protected" against cyberattacks, says McKinsey in its "Risk and responsibility in a hyperconnected world" report.

As a result, the price tag—the material effect of slowing the pace of technology and innovation due to a lack of cyberresiliency—could be as high as $3 trillion by 2020. That's the number three, by the way, followed by 12 zeros. And it's a scenario, asserts McKinsey, that senior leadership in the public and private spheres had best pay attention to.

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 Cyberattacks fallout could cost the global economy $3 trillion by 2020

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