Technology
Cybercrime apparently cost the world over $1 trillion in 2020 – TechRadar
That’s equivalent to 1% of global GDP
Cybercrime is having a truly major impact on the global economy, a new report has claimed. According to Atlas VPN, when the cumulative cost of cyber incidents is added to the economic outlay of putting security measures in place, the cost of cybercrime totaled more than $1 trillion across the world last year.
The staggering figure means that around 1% of global GDP is lost to cybercrime, as across 2020, $945 billion was lost as a result of cyber incidents, with a further $145 billion spent on cybersecurity…
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