Cybercrime drains one trillion dollars from global economy every year

“Cybercrime drains one trillion US dollars from global economy annually, NATO Deputy Assistant Secretary General for Emerging Security Challenges Jamie Shea declared on Tuesday.

We have almost every week an incident that reminds us that cyber security is related to almost every aspect of our life, Shea said in a joint press statement delivered together with head of the Romanian Intelligence Service (SRI) George Maior. One trillion dollars disappear annually from the global economy because of cybercrime. Industrial secrets, copyright, intellectual property, state secrets become increasingly difficult to protect. Economies are running on these complex systems, which can be easily destroyed, Shea continued.”

Source: Nato’s jamie shea: cybercrime drains one trillion dollars from global economy every year

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