From: WSJ/Digits
By Amir Mizroch
In his new role as CEO of Darktrace, a cyber-security firm based in Cambridge, U.K., Andrew France OBE is meeting a lot of anxious board members at some of the biggest firms in the U.K. and abroad. The cost of cyber crime to the global economy is around $445 billion annually, with the U.K. alone losing $11.4 billion during 2013, according cyber security company McAfee.
“The sad reality is that in every single deployment we’ve gone into we have found a preexisting infection,” he says.
That’s largely because targeted attacks that used to be in the provision of state-sponsored capabilities are now in the hands of cyber criminals who have found a market for their wares, he says.
And he should know.
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