Cybercrime is reaching epidemic levels. Some estimates predict global annual cybercrime costs will reach $6 trillion by 2021. This includes the costs of security as well as the losses from thefts and fraud from successful attacks. Criminals are finding themselves in a position of having gained electronic assets but need to transform ‘dirty’ money into respectable ‘clean’ assets. This is the process of money-laundering. The United Nations Office on Drugs and Crime estimates nearly 2-5% of global GDP (approximately $800 billion-$2 trillion in US dollars) is laundered each year.
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