It’s a couple of trillion less than the current 2017 US deficit, showing just how severe the cost of cyber crime is to business globally.
Digital security firm Gemalto asks, "Do you know where your data is?", revealing 1792 disclosed data breaches in 2016 led to almost 1.4 billion data records being compromised.
Last month, the Australian Government implemented Privacy Amendment (Notifiable Data Breaches) Bill 2016 legislation. It is a huge move, but in the end, does it change anything?