How does cybercrime impact the global economy?

How does cybercrime impact the global economy?

Cybercrime significantly affects the global economy by causing financial losses, disrupting businesses, and eroding consumer trust.

What are some statistics on financial losses due to cybercrime?

In 2022, global cybercrime costs were estimated to reach $6 trillion, and it's projected to grow to $10.5 trillion by 2025.

How do businesses protect themselves from cybercrime?

Businesses can protect themselves by implementing strong cybersecurity measures, employee training, and regular system updates.

What role do governments play in combating cybercrime?

Governments play a crucial role by creating laws, promoting cybersecurity awareness, and collaborating internationally to tackle cyber threats.

Can you give examples of major cybercrime incidents?

Sure! Notable incidents include the WannaCry ransomware attack in 2017 and the Equifax data breach in 2017, both causing massive financial damage.