Cybercrime takes almost 0 bln toll on global economy

Updated 2018-02-22 15:23:03 China Daily

Cybercrime may now cost the world almost 0 billion, or 0.8 percent of global GDP, according to the reportEconomic Impact of CybercrimeNo Slowing Downreleased by the Center for Strategic and International Studies with McAfee on Wednesday.

The annual losses are up from a 2014 study that put global losses around 5 billion. The report attributes the growth over three years to quick adoption of new technologies by cybercriminals, the increased number of new users online and the increased ease of committing cybercrime.

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