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$1 trillion cost per year to the global economy Position1 #121650 The annual cost of cybercrime to the global economy could be as much as $1 trillion.

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London Conference on Cyberspace »London Conference on CyberspaceLondon Conference on Cyberspace☜The London Conference on Cyberspace – held at the Queen Elizabeth II Conference Centre on 1-2 November 2011 – launched a global dialogue to develop a better collective understanding of how to protect and preserve the tremendous opportunities that the development of cyberspace offers us all.☜F1CEB7

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Thematic debates »Thematic debatesThematic debates☜Thematic debates explored at the London Conference on Cyberspace.☜5CD992

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Cyber crime »Cyber crimeCyber crime☜How can cyber crime be prevented and pursued more effectively?☜FFB597

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Costs of cybercrime »Costs of cybercrimeCosts of cybercrime☜What are the costs of cybercrime?☜FFB597

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$1 trillion cost per year to the global economy$1 trillion cost per year to the global economy☜The annual cost of cybercrime to the global economy could be as much as $1 trillion.☜59C6EF

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Link[1] The impact of the web

Author: Alan Charlton - British Ambassador, Brasilia
Cited by: David Price 11:41 AM 25 October 2011 GMT
Citerank: (1) 121648Increasing prosperity and global GDPCyberspace is acting as a prosperity multiplier. It is estimated that for every 10% increase in broadband penetration, global GDP will increase by an average of 1.3%.959C6EF
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http://blogs.fco.gov.uk/roller/charltonenglish/entry/the_impact_of_the_web

Excerpt / Summary

Criminals are using the web to extort money, steal identities, ideas and designs, defraud government departments and businesses, as well as exploit the most vulnerable in our societies, particularly children. Brazil recently had to deal with this: a number of government websites – including the Presidency’s – were attacked by hackers and taken offline.

The annual cost of cybercrime to the global economy could be as much as $1 trillion. We need a global, co-ordinated response, involving all who have a stake in cyberspace.

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Entered by:- David Price
NodeID: #121650
Node type: Position
Entry date (GMT): 10/25/2011 11:41:00 AM
Last edit date (GMT): 10/25/2011 11:41:00 AM
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