Recent McAfee Report Finds Cybercrime Losses Exceeds $1 Trillion

Recently, McAfee released a new global report entitled “The Hidden Costs of Cybercrime.” As the name suggests, the report examines the financial and underreported impacts of cyber-threats. According to the findings, cybercrime losses cost the global economy upwards of $1 trillion; this is equivalent to 1 percent of global GDP and a 50 percent increase since 2018.
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