Cybercrime Economy Generates $1.5 Trillion a Year

    Date21 Apr 2018
    CategoryHacks/Cracks
    2026
    Posted ByBrittany Day
    If cybercrime was a country, it would have the 13th highest GDP in the world. Attackers generate $1.5 trillion in annual profit, which is about equal to the GDP of Russia, according to a new study on the interconnected economy of cybercrime. "Into the Web of Profit," among the first studies to explore the intricacies of revenue and profit in the world of cybercrime, was conducted by Dr. Michael McGuire, senior lecturer in Criminology at England's University of Surrey. Over nine months of study, he learned how the "economy" of cybercrime sustains itself and overlaps with the legitimate economy.
    You are not authorised to post comments.

    LinuxSecurity Poll

    Have you used our RSS feeds?

    No answer selected. Please try again.
    Please select either existing option or enter your own, however not both.
    Please select minimum 0 answer(s) and maximum 4 answer(s).
    /component/communitypolls/?task=poll.vote&format=json
    21
    radio
    [{"id":"77","title":"Yes, for articles","votes":"0","type":"x","order":"1","pct":0,"resources":[]},{"id":"78","title":"Yes, for advisories","votes":"0","type":"x","order":"2","pct":0,"resources":[]},{"id":"79","title":"Hybrid that contains both","votes":"0","type":"x","order":"3","pct":0,"resources":[]},{"id":"80","title":"No","votes":"0","type":"x","order":"4","pct":0,"resources":[]}]["#ff5b00","#4ac0f2","#b80028","#eef66c","#60bb22","#b96a9a","#62c2cc"]["rgba(255,91,0,0.7)","rgba(74,192,242,0.7)","rgba(184,0,40,0.7)","rgba(238,246,108,0.7)","rgba(96,187,34,0.7)","rgba(185,106,154,0.7)","rgba(98,194,204,0.7)"]350
    bottom200

    We use cookies to provide and improve our services. By using our site, you consent to our Cookie Policy.