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Cybercrime Damages $6 Trillion By 2021

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Cybercrime, or computer-oriented crime, is a crime that involves a computer and a network.  The computer may have been used in the commission of a crime, or it may be the target.  Cybercrime may threaten a person or a nation’s security and financial health.

 

 

Cybersecurity Ventures predicted that cybercrime will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.  To put this in perspective, the costs of these cybercrimes

  • Represents the greatest transfer of economic wealth in history.
  • Risks the incentives for innovation and investments.
  • Will be more profitable than the global trade of all major illegal drugs combined.