Gilles Hilary, INSEAD Professor of Accounting and Control, and Christophe Durand, Head of Cyber Strategy, INTERPOL |

The anonymous and borderless nature of cybercrime puts every organisation at potential risk.

Once considered an irksome pastime of geeky teens, cybercrime has grown up fast. In 2014 its annual cost to the global economy was estimated at US$445 billion. A 2015 Hewlett Packard-sponsored study of large U.S. companies found cyber-attacks growing “in frequency and severity” in every sector, at an average yearly cost per company of more than $15 million. Cybercrime’s increasing scale and sophistication have elevated it into a full-fledged illicit industry.

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Read more at http://knowledge.insead.edu/blog/insead-blog/how-cybercrime-is-evolving-4575#J7bGH80pmMFZthJP.99