effects of cybercrime..in 100words.?
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✔. The types of cyber crime that have the biggest economic impact include: The loss of IP and business-confidential information. ... The cost of securing networks, buying cyber insurance and paying for recovery from cyber attacks. Reputational damage and liability risk for the affected company and its brand.
Cybercrime is becoming more frequent and creates danger as they can cause loss of business or personal data privacy, confidentiality, and security. As well as substantial reputational and financial damage. Paying ransom is a two-edged sword, as the same cybercriminals can repeat this attack.
IMPACTS OF CYBER CRIME: The impacts of a single, successful cyber attack can have far-reaching implications including financial losses, theft of intellectual property, and loss of consumer confidence and trust. ... Identity Theft: Becoming the victim of cyber crime can have long-lasting effects on life.
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