Cybercriminals cost the global economy $454 billion last year. In a single evil internet minute, malicious activity costs international commerce $858,153 and victimizes 1,080 people, according to San Francisco based RiskIQ.

Despite businesses’ best efforts to guard against external cyberthreats, spending up to $142,6942 in 60 seconds, bad actors continue to proliferate online, revealed digital threat management firm RiskIQ, which examined the growing volume of malicious activity on the internet in the inaugural “Evil Internet Minute.”

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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