A new report from McAfee and the Center for Strategic and International Studies claims that cybercrime now costs the global economy $600 billion, up considerably from $445 billion in 2014.
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The “Economic Impact of Cybercrime – No Slowing Down” report, released today, attributed the growth in cybercrime over the last three years to cybercriminals quickly adopting new technologies, the ease of engaging in cybercrime – including an expanding number of cybercrime centers – and the growing financial sophistication of top-tier cybercriminals.
A full copy of the report can be downloaded from McAfee