Fraud Without Borders

he global cybercrime industry generates revenues that rival some of the largest economies of the world, with knowledge sharing, services and tools that facilitate global networks of fraud. In 2014, the Center for Strategic and International Studies (CSIS) estimated that cybercrime cost approximately 0.7% of global income.

In 2018 it increased this estimate to 0.8%, or $600 billion a year.* Analysis from the LexisNexis® Digital Identity Network® consolidates the view that cybercrime is a well-organized, global endeavor that enables hyperconnected networks of fraud.

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