In 2021 cybercrime cost 6 trillion USD worldwide

In 2021 cybercrime cost 6 trillion USD worldwide

The Italian Information Security Association reported that cyber attacks have increased, become more sophisticated and have greater impact.

Alessandro Profumo , executive director of the Italian aeronautics and defense giant Leonardo, mentioned that in the last two years new threats have been registered in the field of cyber security, which are classified as collateral damage caused by the Covid-19 epidemic. 19 and the acceleration of digitization.

In 2021, the total cost of cybercrime exceeded $6 trillion. A fifth of those attacks were directed against Europe. Therefore, cybersecurity has become a key issue for the European Commission and for the members of the European Union (EU).

Cybersecurity problems have been exacerbated by the war in Ukraine. “We have noticed increased pressure” since the war began, Profumo, whose group has a branch specializing in cybersecurity, with clients around the world, recently said.

For its part, the International Monetary Fund (IMF) expressed concern about the war in Ukraine, which has affected IT operations.

“Attacks could target financial institutions with important computer systems. If successful, such attacks could lead to a loss of confidence in the financial system, with a negative impact on global financial stability.”

Rachel Maga
Rachel Maga is a technology journalist currently working at Globe Live Media agency. She has been in the Technology Journalism field for over 5 years now. Her life's biggest milestone is the inside tour of Tesla Industries, which was gifted to her by the legend Elon Musk himself.