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Cybercrime Is Skyrocketing as the World Goes Digital

Worldwide, cybercriminals rake in at least $1.5 trillion every year, according to research by Dr. Michael McGuire. McGuire’s revenue figure includes estimated earnings of $860 billion from illicit or illegal markets, $500 billion from intellectual property theft, $160 billion from data trading, $1 billion from crimeware-as-a-service, and $1billion from ransomware. The report raises concerns that platform criminality is funding broader criminal activities such as human trafficking, drug production and distribution, and even terrorism.”]

Source: https://www.darkreading.com/cloud/cybercrime-is-skyrocketing-as-the-world-goes-digital

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