Global cybercrime losses to exceed $1 Trillion: McAfee report
Shortpedia
Content Team
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The growing cybercrime incidents now cost the world economy more than $1 trillion, or just more than one per cent of global GDP, which is up more than 50 per cent from a 2018 report that put global losses at close to $600 billion, leading cybersecurity firm McAfee revealed. Two-thirds of surveyed companies reported some kind of cyber incident in 2019 and the average cost was more than half a million dollars per incident.
