costs nearly double to $7 billion since covid-19.
by the center for accounting transformation
according to data from the federal bureau of investigation, the total cost of cybercrime from 2019 to 2021, skyrocketed from $3.5 billion to $6.9 billion, essentially doubling since covid-19.
that includes international businesses.
mitchell scherr, ceo, assured cyber protection, mentioned to techradar.com that “march saw a staggering 400% global increase in cyberattacks.” additionally, an august 2020 report from interpol stated “in one four-month period (january to april), some 907,000 spam messages, 737 incidents related to malware and 48,000 malicious urls – all related to covid-19- were detected by one of interpol’s private sector partners.” parachute, an it company, estimates cybercrime cost the global economy about $1 trillion last year.
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