Cybercrime is now a trillion-dollar cost to the global economy

Cybercrime is now a trillion-dollar cost to the global economy, according to a new report from cybersecurity firm McAfee. The Hidden Costs of Cybercrime report states that costs have risen 50 percent, compared to 2018 when they were estimated at $600 billion. Further, many of the impacts of cybercrime, albeit significant, remain unseen. Losing money and intellectual property remain the …

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