Many programs and organizations exist to stop the illegal use and sale of narcotics. Narcotics account for 0.9 percent of the global depreciation of the GDP while cyber crimes are at 0.8 percent of that figure and growing (Lewis and Baker 11). As a result, cyber crimes are becoming a serious economic threat. According to a recent study, the internet economy generates $2 to $3 trillion and increases annually. At this rate, cyber crimes are set to deprecate this value by 15-20 percent in the upcoming years (Lewis and Baker 7). Not only is …show more content…
From 2013-2015, approximately 3.5 billion accounts of personal information were compromised in the world due to “data security incidents” (Walker). That figure is nearly half of the world population. According to a survey conducted by Zach Walker, nearly 95 percent of respondents stated they would take legal action against the company responsible for their data loss. Further complicating matters for the company, nearly two-thirds stated they would not conduct business with the organization after losing their information (Walker). Losing trust in a corporation or business is detrimental to its’ growth and