A report by U.S.-based consultancy firm Deloitte L.L.P. has said that cybercrime is costing the Dutch private sector and government an estimated €10 billion ($11.4 billion) per year, DutchNews.nl reported. The report said that defense and aerospace industries, technology companies, banks and public sector are particularly vulnerable to cybercrime. Damage from cybercrime includes production process slow-downs, money and loss of intellectual property exclusivity. Read more
Deloitte has estimated that cyber crime is costing the Dutch Government €10bn a year. The sectors most vulnerable to cyber crime are cited as: banks, defence and aerospace, the public sector, and technology. The report included loss of intellectual property exclusivity, money, and production process slow-downs in calculating potential damage. Deloitte described the €10bn estimated loss as “the cost of doing business due to the digitalisation of our society.”