According to a recent report released by Intel Security and the Center for Strategic and International Studies, cybercrime costs the global economy up to $575 billion [£367 billion] a year – that’s bigger than the economies of many countries.

Up to 150,000 jobs could also be lost in Europe alone due to cybercrime (about 0.6pc of the total unemployed) with personal records stolen from more than 40 million people in the US, 54 million in Turkey, 20 million in Korea, 16 million in Germany, and more than 20 million in China. 

Read the full article at The Guardian