According to a report published in February 2018 by security giant McAfee, the global cost of cybercrime jumped from $500 billion in 2014 to $600 billion, representing about 0.8 of the global GDP.
The cost of cybercrime is distributed among all the countries of the world, no one country is spared.
The jump is mainly caused by increased number of online users from low income countries with weak cybersecurity, quick adoption of new technology and growing sophistication by cybercriminals, the growth of Cybercrime as a Service, and an expanding number of cybercrime centers in certain countries.
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