January 2012, Geneva, Switzerland – On the one hand, it harms both companies and individuals. On the other hand, cybercrime has negative effects on the global economy. This was a main focus of the Secretary-General of ITU, Dr. Touré’s presentation in the High Level Panel on Cybersecurity and Cybercrime. He referred to a recent survey from the Ponemon Institute which has shown that large organizations reached annual cybercrime costs of USD 5.9 million in 2011. The survey further indicated that it takes approximately 18 days to resolve a cyberattack. Read More
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