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During the past five years, cybercrime has cost the world billions of dollars. The costs include theft of personal and financial information, damage to data and reputational harm.

Aside from the cost of lost productivity, cybercrime can also disrupt the normal course of business. Cybercriminals use vulnerabilities in online systems to steal personal information and commit fraud. In addition, they can sell user information or even access confidential business or government information.

Cybercriminals can be found in various jurisdictions, spanning from the United States to Europe. This makes international cooperation necessary to combat cybercrimes. It also requires international treaties to follow the clues left by cybercriminals across national borders.

Cybercriminals are more agile and organized than ever. They can be found on the dark web, where they buy exploit kits and malware. They can also sell cyberattack services.

Cybercrime has become the leading global threat to individuals, companies, and governments. According to the Ponnon Institute, global losses are expected to reach $6 trillion by 2021. These costs include stolen money, stolen personal and financial data, lost productivity, disruption to the normal course of business, and reputational damage.

According to the World Economic Forum, the likelihood of detection and prosecution for organized cybercrime entities is estimated at 0.05 percent in the U.S. In 2016, the average loss was $4 million.

According to IBM’s CEO, Ginni Rometty, cybercrime is the greatest threat to all industries and professions. It is also predicted that global cybercrime costs will reach $6 trillion by 2021.