The worldwide annual cost of cybercrime exceeds US$445 billion, including the criminals’ earnings and the costs incurred by the companies in order to recover and defend themselves from cyber attacks, according to the OAS representative in the Dominican Republic, Araceli Azuara.
Azuara delivered this report at the opening of the Inter-institutional Meeting for the Development of the National Strategy on Cyber Security at the Barcelo Santo Domingo Hotel yesterday, Wednesday 17 February 2016. The event is being organized by the Dominican Telecommunications Institute (Indotel) and the OAS together with the National Commission for the Security of Information and Knowledge (CNSIC).
During her talk, the OAS representative stressed that the Internet has become the great catalyst for economic growth, the sciences, communications and innovation. She pointed out that while it has revolutionized and opened up access to knowledge and is a way of doing business and has broken down barriers, it has also increased the risks.
She stated that the more than three billion Internet users represent, according to her figures, a little more than half of the world population. There are approximately 322 million Internet users in Latin America and the Caribbean. She went on to say that while people’s lives are now more interconnected, it is also true that “everyone, without exception, runs greater risks of becoming victims of some sort of cybercrime.”
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