Erkinboyeva Hulkar Anvarbek
Cybercrime is a type of crime committed under the joint communication of a computer and a network. A computer acts as a targeted weapon during a crime. Cybercrime is committed to harm someone’s safety and financial well-being.
There are many crimes related to cybercrime that occur when confidential information is legally protected. Internationally, both government and non-state actors engage in cybercrime, including espionage, financial theft, and other cross-border crimes.
Cybercrimes that cross international borders and involve the actions of at least one nation state are sometimes referred to as cyberwarfare. Warren Buffett describes cybercrime as “humanity’s number one problem” and adds that it “poses a real threat to humanity”.
In a report published in 2014 (sponsored by McAfee), the annual damage caused to the world economy amounted to 445 billion dollars. A 2016 report by Cybersecurity Ventures predicted that global cybercrime losses would reach $6 trillion annually by 2021 and $10.5 trillion by 2025. In 2012, online credit and debit card fraud in the United States accounted for approximately 1, $5 billion lost.
A 2018 study by the Center for Strategic and International Studies (CSIS) in collaboration with McAfee found that nearly one percent of global GDP, or about $600 billion, is lost to cybercrime each year.
The World Economic Forum’s 2020 Global Risk Report confirmed that organized cybercrime agencies are joining forces to conduct criminal activities online, while the likelihood of detection and prosecution in the US is less than 1 percent.
Erkinboyeva Hulkar Anvarbek
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