Global economy has lost over $1 trillion to cybercrime: McAfee
Cybersecurity firm McAfee in its survey on Monday said growing cybercrime incidents cost the world economy over $1 trillion. This figure is more than 1% of global GDP and is up more than 50% from $600 billion in 2018. Two-thirds of surveyed companies reported cyber incidents in 2019, with the average cost per incident pegged at over $500,000.