Question

Cybercrime has a serious economic impact on national and global economies that costs the _____ of its GDP every year.

Answer 1

Answer:

World at least 1 percent

Explanation:

Cybercrime are crimes that focuses on networks of computers whereby a computer is used to commit the crime or a computer is the target of the crime, with the possible effect of a threat to the security and financial wellbeing of a person, an establishment or country

According to the report by Zhanna Malekos Smith and Eugenia Lostri, 'The Hidden Costs of Cybercrime' the monetary cost of cybercrime which is estimated at $945 billion is a little above 1% of the World's GDP which is around $87.55 trillion.