How the rise of cyber-crime is fueling new tech opportunities

According to the IT crowd, there are two types of companies in the world: "Those who know they have been hacked and those who do not."

Certainly, it has been another year of high profile cyber security breaches, all of which go to underline the prevalence of cyber crime and the potential it has to impact upon corporates and individuals alike. The cost of cyber-crime to global business is staggering, with the average cost per attack estimated to be $2.7m. These costs are both direct and indirect. Indeed, the indirect cost, according to a recent study by the Ponemon Institute, is double that of the direct cost when you take into account things like lawsuits, regulatory fines and a loss in consumer confidence. In the...