CDSA

Report: Cybercrime Revenues Top $1.5 Billion Worldwide (ITProPortal)

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Cybercrime is a self-sustaining economy which now earns more than $1.5 trillion a year, new research has claimed. A report released by Bromium says cybercrime, as a whole, earns more money every year than Russia. As a matter of fact, if it were a country, the combined GDP from online criminal activities would be 13th highest in the world.

Illegal online markets earn the most – $860 billion a year, followed by trade secrets theft ($500 billion), data trading ($160 billion), crimeware-as-a-service ($1.6 billion) and ransomware ($1 billion).