The impact of cross-border cybercrime on global security

Abstract

Abstract. The development of digital technologies has transformed the world, making cyberspace a key element of the global infrastructure. It ensures the smooth operation of businesses, government agencies, communication networks and critical systems. However, this progress has also created a serious threat in the form of cybercrime, which is increasingly crossing national borders. Cross-border cybercrime poses a serious challenge to global security, as its effects extend from the economy and governments to the personal lives of citizens. One of the most significant aspects of cross-border cybercrime is its devastating economic impact. Experts estimate that global economic losses from cybercrime run into billions of dollars each year. Crimes related to financial fraud, phishing and data theft are becoming commonplace, affecting both individual companies and entire government agencies. One example is the attack on Equifax in 2017, when the personal data of more than 147 million people was stolen. This resulted in significant financial losses and had serious international implications. This incident illustrates the vulnerability of even the largest corporations to cyber threats.