Effects of Cyber Crime

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Monetary Effects

A binary lock in cyber space.
Image Credit: Bob_Eastman/iStock/Getty Images

One of the most palpable effects of cyber crime is its disastrous monetary consequences. The chief aim of all cyber crime is economic; that is, most crimes are committed with the goal of securing greater wealth. According to a 2013 study conducted by the InfoSec Institute, cyber crime makes up a whopping 0.4% - 1.4% of the global GDP. This large-scale crime negatively impacts the economy, and is present in virtually every developed or developing nation.

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