Thursday, 5 March, 2026
Cybersecurity incidents may cost the world GDP $1 tril loss in 2020: McAfee
By Basit Ansari
<p>Cybercrime incidents, this year, could let a loss of over $1 tril to global GDP, up from $600 bn in 2018, according to McAfee. 92% of the firms surveyed lamented that the damage was not just financial. The system downtime, because of the cybersecurity incidents, cost them between $1- $5 mn to rectify, said 32%. 26% feel that the brand value had taken a hit due to cyberattack-induced downtime. Unfortunately, 56%, those survey, did not possess a plan for cyber threat prevention. </p>
Read full story at Techcircle
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