Profits From Cybercrime

in Transnational Crime

The European Commission estimates that organized crime generates up to $388 Billion a year in profits from cybercrime.

In the United Kingdom alone, British businesses were losing up to $28 Billion (21 Billion Euros) from cybercrime. In Germany, police reported over 5,000 phishing incidents in 2010, an increase from the less than 200 incidents reported in 2008.

Source:  Harvey Morris, “Europe Cracks Down on Cybercrime,” New York Times, IHT Rendezvous, March 29, 2012.





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