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Global cost of cybercrime topped $6 trillion in 2021: defence firm
by AFP Staff Writers
Rome (AFP) May 11, 2022

The global cost of cybercrime topped $6 trillion last year, as the coronavirus pandemic caused online activity to soar, the head of Italian defence, security and aerospace giant Leonardo said Tuesday.

"New cybersecurity threats over the last two years have been a 'collateral damage' of the Covid-19 pandemic and the acceleration of digitalisation it induced," Alessandro Profumo said at the opening of the Cybertech Europe 2022 conference in Rome.

"Cyberattacks have grown in number, sophistication and impact -- in 2021 the global cost of cybercrime exceeded $6 trillion."

Leonardo said the figures came from Clusit, the Italian association for information security, which had cited a report from US group Cybersecurity Ventures.

Clusit estimated a loss of $1 trillion in 2020.

One fifth of the total attacks was directed at Europe, Profumo said, but the continent lacked at least 200,000 cybersecurity professionals.

Speaking to foreign journalists in Rome last month, he said cybersecurity issues had increased following Russia's invasion of Ukraine.

"We are noticing additional pressure," said the boss of Leonardo, which has a specialised branch dedicated to cybersecurity.


Related Links
Cyberwar - Internet Security News - Systems and Policy Issues


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Chinese web users get creative to dodge Covid censorship
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From quoting the national anthem to referencing Hollywood blockbusters and George Orwell's dystopian novel "1984", Chinese web users are using creative methods to dodge censorship and voice discontent over Covid measures. China maintains a tight grip over the internet, with legions of censors scrubbing out posts that cast the Communist Party's policies in a negative light. The censorship machine is now in overdrive to defend Beijing's stringent zero-Covid policy as the business hub of Shanghai e ... read more

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