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Cyber crime costs organizations worldwide USD 445B in annual losses, though most of it may actually go unreported.
Those are among the findings of a new research by the McAfee security unit in partnership with the Center for Strategic and International Studies (CSIS).
Cyber espionage and stealing individuals' personal information is believed to have affected more than 800 million people during 2013.
Financial losses from cybertheft could cause as many as 150,000 Europeans to lose their jobs and may soon reach USD 575B annually.
The cyber crime greatest damage to the economy has been recorded in Germany, China, USA and Japan - in total, the finanacial losses in these countries are estimated at USD 200B annually.
Cyber crime damages trade between nations, competitiveness, innovation, and global economic growth, and slows the pace of global innovation.
Governments must begin a serious, systematic effort to collect and publish data on cyber crime to help countries and companies make better choices about risk and policy, the report states.
President Rumen Radev engaged in a substantial dialogue with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva
The National Statistical Institute (NSI) has released preliminary data revealing that Bulgaria's gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023
The Organisation for Economic Co-operation and Development (OECD) has revised Bulgaria's economic growth forecasts in its latest World Economic Outlook report, signaling a 1.7% growth rate for 2023, slowing due to external factors, with a projected accele
The European Commission's latest autumn economic forecast reveals Bulgaria's anticipated economic slowdown in 2023 and 2024, followed by a predicted rebound in 2025
The World Bank has raised its forecast for the development of the Bulgarian economy in 2021.
Bulgaria’s economy grew by 2.
A young man from Chirpan has died after spending months in a coma following a violent assault that reportedly began over a dispute involving cigarettes
A 53-year-old man with a criminal record has been detained in Bulgaria during a targeted police operation against vote buying, carried out in the village of Brestnitsa in the Lovech region
A criminal network linked to Bulgaria has been accused of defrauding dozens of elderly people in northern Greece through an elaborate telephone scam that resulted in losses exceeding 600,000 euros, according to Kathimerini.
A premeditated murder investigation is underway after a violent incident in the village of Kokalyane near Sofia, where a man is accused of fatally stabbing another person inside a garage that had been adapted for living
Italian authorities have launched an investigation into a large-scale scheme involving the illegal export of hazardous waste to Eastern Europe, with five Bulgarian nationals among those under scrutiny
Authorities in Bulgaria report a significant escalation in efforts to combat election-related violations, with 183 individuals detained in connection with crimes against electoral rights
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
