Companies worldwide could lose $5.2 trillion in revenue due to cyberattacks over the next five years. This is the estimate from Accenture analysts in their latest study , "Securing the Digital Economy: Reinventing the Internet for Trust." The high-tech industry is the hardest hit, with losses exceeding $753 billion. This is followed by the life sciences sector ($642 billion) and the automotive industry ($505 billion). "When it comes to cybersecurity, most companies are lagging behind the sophistication of cybercriminals. This is leading to a loss of trust in the digital economy," says Uwe Kissmann, Managing Director of Accenture Security in Europe.
5.2 trillion dollars in revenue could be lost to cyber attacks over the next five years. This is what Accenture analysts estimate in the current study “Securing the Digital Economy: Reinventing the Internet for Trust”. The high-tech industry is hardest hit with more than 753 billion US dollars. This is followed by life sciences (642 billion US dollars) and the automotive industry (505 billion US dollars). "When it comes to cyber security, most companies lag behind the sophistication of cyber criminals. This leads to a loss of confidence in the digital economy," says Uwe Kissmann, Managing Director of Accenture Security in Europe.
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