World’s annual damage from cybercrimes reaches $3 trillion — Russian Foreign Ministry

Ambassador at Large at the Russian Foreign Ministry Andrei Krutskikh named cyberterrorism as one of the most horrible phenomena

World's annual damage from cybercrime is estimated at 3 trillion US dollars, Ambassador at Large at the Russian Foreign Ministry Andrei Krutskikh, the Russian president's special representative for international cooperation in the field of information security, said.
The diplomat replied affirmatively when asked if he thought that cybercrime and terrorism were closely interrelated. "Of course, they are. For example, cyberterrorism, which is one of the most horrible phenomena, is a totally new kind of crime," Krutskikh said in an interview with the "Kommersant" newspaper.
"For example, the 'Islamic State' [a terrorist organization banned in Russia - TASS]," has already barged in the information space and is engaged in cyberterrorism," the diplomat said.
"In addition to that, cybercrime causes colossal damage to our planet. The annual size of damage varies, according to various estimates, from $500 billion to $2-$3 trillion," Krutskikh said in his interview.
According to the ambassador, the information security theme concerns three threats: the military-political use of the content; terrorism and cybercrime. "Some countries prefer the first aspect; others - the second or the third. But honestly, these themes should be considered as a whole," Andrei Krutskikh concluded.