COMPUTER NETWORKS AND COMMUNICATIONS
NETWORK SECURITY AND CYBERSECURITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In 2016, online fraud cases in the United States resulted in victim losses totaling:
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Nothing-online fraud doesn’t result in victim losses
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$100, 000
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$2 million
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Over $1.2 billion
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Explanation:
Detailed explanation-1: - The global estimated cybercrime annual cost will be $6 trillion. Cybercrime cost makes up a value worth 1% of the global G.D.P.
Detailed explanation-2: -Ransom demands can range anywhere from $10, 000 to millions of dollars, with $70 million being the highest demand to date. In many cases, the ransom demand is calculated as a percentage of the target company’s annual revenue (typically around 3%).
Detailed explanation-3: -The cybercrime victim count increased drastically by 69% in 2020 during the COVID-19 pandemic when compared to 2019 from nearly 467k victims a year to 792k.
There is 1 question to complete.