School of Computer and Information Sciences, University of the Cumberland, Williamsburg, Kentucky, U.S.A.
Review Article
World Journal of Advanced Research and Reviews, 2022, 15(01), 138-156
Article DOI: 10.30574/wjarr.2022.15.1.0573
Received on 13 May 2022; revised on 20 June 2022; accepted on 22 June 2022
Cybercrime directs to any criminal activity taken out utilizing computers or the internet. Attackers have chosen strategies such as social engineering, phishing, and malware as part of their cyber-attacks. A cyber-attack can lead to various effects, ranging from stealing individual data to extortion money or losing helpful information. Society and systems depend on critical infrastructures like power plants, hospitals, and financial services companies. This paper analyzes financial losses statistics for cyber security and future trends. The cost of cybercrime prevention is increasing day by day. Financial losses refer to damages to the wealth of an organization. This includes organizational losses, compensation, and legal fees. By financial loss, we mean increased costs or reduced income caused by the threat. We collect data from various datasets and information from sources. After collecting data, we analyze the data and create a different chart to identify the growth of cyber-attacks, cyber security, and cybercrime costs. We analyze global and worldwide cybercrime status. We also investigate state-wise cybercrime and the cyber security status of the United States of America. Our main objective of the analysis is to find out the financial losses and future trends of cybercrime and cyber security. From our study, we noticed that the number of cybercrimes and their management and prevention costs are rapidly increasing in the USA and worldwide.
Cyber risk; Open data; Datasets; Cyberattacks; Cyber threats; Financial Losses
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Md Haris Uddin Sharif and Mehmood Ali Mohammed. A literature review of financial losses statistics for cyber security and future trend. World Journal of Advanced Research and Reviews, 2022, 15(1), 138-156. Article DOI: https://doi.org/10.30574/wjarr.2022.15.1.0573