In 2018, a study by the Center for Strategic and International Studies (CSIS), in partnership with McAfee, concluded that nearly 1 percent of global gross domestic product (GDP), close to $600 billion, is lost to cybercrime each year. Approximately $1.5 billion was lost in 2012 to online credit and debit card fraud in the US. Ī 2014 report sponsored by McAfee estimated that cybercrime had resulted in $445 billion USD in annual damage to the global economy. Warren Buffett describes cybercrime as the "number one problem with mankind" and said that it "poses real risks to humanity". Cybercrimes crossing international borders and involving the actions of at least one nation-state are sometimes referred to as cyberwarfare. Internationally, both state and non-state actors engage in cybercrimes, including espionage, financial theft, and other cross-border crimes. Cybercrime may harm someone's security or finances.
The computer may have been used in committing the crime, or it may be the target. Security information and event management (SIEM)Ĭybercrime is a type of crime involving a computer or a computer network.Host-based intrusion detection system (HIDS).( October 2022) ( Learn how and when to remove this template message) This article may require copy editing for encyclopedic tone-getting rid of contractions, second-person usage, and jargon.
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