PwC estimates there are about 100 million cyberattacks every year, including data theft, leakage of intellectual property, corporate sabotage and denial-of-service attacks. That’s 200 new cyberthreats every minute. The US-based Center for Strategic and International Studies estimates the annual impact of cyber-attacks on the global economy at a staggering US$600 billion ($826 billion).

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe