Global economy loses more than half a trillion dollars through cybercrime


The global economy loses roughly $600 billion every year due to cybercrime, experts have warned.

A new worldwide study from McAfee added that global losses are also set to increase more and more going forward, given that in 2014, the damage stood at $445 billion.

“Crime is more efficient, less risky, more profitable and has never been easier to execute,” said Steve Grobman, chief technology officer for McAfee.

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Source: ITProPortal