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 <u>a little above 1% of the World's GDP</u> which is around $87.55 trillion.
