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. . Cybercrime poses a significant threat to the global economy, causing $1.5 trillion in damages annually, affecting businesses and consumers alike with dire consequences. Cybercrime Economy, Digital Profit, Cybersecurity Insights. . LinuxSecurity.com Team
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