Cybercrime will be worth €5 trillion in two years, security body claims

The new national cybersecurity body that will be led out of Cork has been launched with a warning that cybercrime is expected to be worth almost €5 trillion in two years.

Cyber Ireland, which will be spearheaded by Cork Institute of Technology and backed by the IDA, brings together industry, academia and government to combat the fast-growing cybersecurity threat.