Economic Impact of Cybercrime
At $600 Billion and Counting - No Slowing Down
The Center for Strategic and International Studies (CSIS), in partnership with McAfee, present Economic Impact of Cybercrime – No Slowing Down, a global report that focuses on the significant impact that cybercrime has on economies worldwide. The report concludes that close to $600 billion, nearly one percent of global GDP, is lost to cybercrime each year, which is up from a 2014 study that put global losses at about $445 billion. The report attributes the growth over three years to cybercriminals quickly adopting new technologies and the ease of cybercrime growing as actors leverage black markets and digital currencies.
Senior Vice President; Pritzker Chair; and Director, Strategic Technologies Program