Cybercrime cost the global economy $544.5 billion in 2017. New technologies have provided both new opportunities for cybercriminals and new threats. Cybercriminals are actively exploiting cloud technology, artificial intelligence, software-as-a-service, encryption, and more to conduct illegal activities. The costs of cybercrime vary significantly between countries and regions depending on factors like levels of internet use, security maturity, and economic development. Understanding the scale and evolving nature of the global cybercrime problem is the first step towards effectively addressing this significant threat.

1. There’s Nowhere to Hide from
the Economics of Cybercrime
1. “Economic Impact of Cybercrime 2018”, McAfee, average in range
2. Association of Insurance Commissioners
3. FBI
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Cybercrime cost the global economy
$544.5 billion in 2017.
New technologies and connections
mean new threats to some and
new opportunities for others.
Cybercriminals are active with cloud technology,
artificial intelligence (AI), Software‐as‐a‐Service,
encryption, and more. Cybercrime is even available
as a service on the Dark Web.
Before you can fight it,
you need to understand it.
McAfee, an industry leader in device-to-cloud cybersecurity, teamed with
Center for Strategic and International Studies (CSIS) to study global economic
impact of cybercrime. Its cost varied by location, income levels, security
maturity, and other variables.
$157.5B
Cost of Cybercrime
USA
$1B in cybersecurity insurance sold in 20162
$209 million ransom paid in Q1 20163
$11B in intellectual property theft annually
$10B more in identity theft vs. other crime
Canada
45% increase in cybercrime from 2014 –16
Nearly 50% of SMBs victim of a cyber-attack
Mexico
Estimated $3B in economic damages
.78%
GDP Cybercrime Loss1
Europe & Central Asia
$170B
Cost of Cybercrime
Germany
$64B cybercrime damages per year
Most developed criminal underground
in the EU
UK
More than $5.5M yearly offenses—half of all crime
Online fraud and cybercrime most common crimes
Russia
Lead cybercrime perpetrator
1.2B names/passwords acquired by one group
.84%
GDP Cybercrime Loss
East Asia & The Pacific
$160B
Cost of Cybercrime
Australia
114,000 instances of cybercrime since 2014
Almost 24,000 in the first half of 2017 alone
China
Most active in espionage
Japan
Record 70,000 reports in 2017
.71%
GDP Cybercrime Loss
South Asia
$11B
Cost of Cybercrime
.38%
GDP Cybercrime Loss
Sub-Saharan Africa
.135%
GDP Cybercrime Loss
$2BCost of Cybercrime
And the threats are still growing…
Banks spent 3Xmore
fighting cybercrime than
other businesses
$50-$60B
in IP theft worldwide
$209Mtaken by
ransomware in Q1 2016
One-seventh
the cost of all global crime
North America
Middle East &
Northern Africa
$3.5B
Cost of Cybercrime
United Arab Emirates
Second most targeted country in the world
or cyberattacks
$1.4B per year
.11%
GDP Cybercrime Loss
Latin America & The Caribbean
Brazil
54% of cyberattacks originate from within the country
95% of Brazilian bank losses is cybercrime
.425%
GDP Cybercrime Loss
$22.5B
Cost of Cybercrime
How will you avoid being a victim?
The first step is understanding.
Check out our new report, The Economic Impact of Cybercrime
from McAfee and CSIS, to learn more about the global costs
of cybercrime. And what you can do about it.
Cybercrime impacts nearly every location on the globe.