The Cost Of Global Cybercrime

By Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.

Cybercrime is Costing Every Person on this Planet $750 per Year!

CONSIDER: Global Cybercrime Is Above USD$6 Trillion Dollars Per Year Now!

That Is $6 Trillion Dollars A Year in costs just from cybercrime! It Will Soon Pass $8 Trillion (According To Some Estimates).

Cybercrime is costing more than the GDP (Gross Domestic Product) of 8 of the top 10 economies in the world!

  • ◾️️ United States (GDP: 20.49 trillion)
  • ◾️️ China (GDP: 13.4 trillion)
  • ◾️️ Japan: (GDP: 4.97 trillion)
  • ◾️️ Germany: (GDP: 4.00 trillion)
  • ◾️️ United Kingdom: (GDP: 2.83 trillion)
  • ◾️️ France: (GDP: 2.78 trillion)
  • ◾️️ India: (GDP: 2.72 trillion)
  • ◾️️ Italy: (GDP: 2.07 trillion)
  • ◾️️ Brazil: (GDP: 1.87 trillion)
  • ◾️️ Canada: (GDP: 1.71 trillion)

Yet, the 60+ Million scam victims pay almost no attention to the financial or political impact of cybercrime corruption or the cost.

In the next few months, there will be 8 Billion humans living on this planet.

At $6 Trillion, it will cost every one of those 8 Billion People USD$750 each per year in the hidden tax that cybercrime is costing us.

What could we do with USD$6 Trillion Dollars per year? Feed the hungry? Solve our climate crisis? Provide healthcare to everyone everywhere?

Yet, as we have seen in the recent election, cybercrime was not even mentioned. Half of the voters were more concerned with abortion rights and the climate than this issue.

Only China is taking the cybercrime issue as a real exigent threat to their nation by arresting nearly 2 million fraudsters a year (the latest estimate was 2020 of 1.9 million arrests). But the U.S. & Nigeria are the other leaders in the top 3.

To their credit, the United Kingdom is also at the forefront by reorganizing its entire law enforcement infrastructure to address cybercrime and fraud.

Global cybercrime revenue & costs are greater than drugs, human trafficking, and terrorism combined. AND ONLY CYBERCRIME has the real potential to bring down our critical infrastructure in EVERY country around the globe – it has the potential to throw us back into the dark ages and kill a significant portion of the world’s population by the hunger that would be caused by such a disruption.

In addition, cybercrime (based upon current SCARS estimates) causes more deaths a year than occurred with 9/11 – cybercrime causes about 7,300 deaths per year (mostly from suicide), but this may be an order of magnitude off – we only have limited visibility right now.

Why Isn’t Everyone Screaming About Cybercrime?

Because it is not a divisive political topic. In fact, it is a unifying political topic. Politics today is about dividing people.

THIS IS NOT A TRADITIONAL CRIME PROBLEM. THIS IS GLOBAL TERRORISM!

YOU CAN HELP SOLVE THIS. BUT WILL YOU?

SCARS needs your help to be the voice of this crisis! Will you help us? We need partners, we need supporters and donors, we need more voices! Please work with us! You can donate at http://donate.AgainstScams.org – every cent goes to help support the victims of these crimes and advocate for the global change that is needed (all SCARS personnel are volunteers.)

Also, starting on December 1st you can become a Member of SCARS and join in the fight with us!

You can help make a difference in what is happening worldwide.

This is bigger than one country, but together we can pressure politicians and governments to invest the money and the manpower to control this problem!

Will you help? Or will you stand by and see this rise to ever greater numbers?

We hope you will!

-/ 30 /-

What do you think about this?
Please share your thoughts in a comment below!

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