The Economic Impact of Cybercrime: A Literature Review of Regional and Global Drivers

Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research

Csongor Herke - University of PΓ©cs, Faculty of Law, 7622 PΓ©cs, Hungary ORCID

DΓ‘vid TΓ³th ORCID

Keywords:

DOI:

10.31410/LIMEN.2024.543

Abstract:

This paper examines the economic impact of cybercrime through a comprehensive literature review, analyzing its global and regional effects. Cybercrime imposes significant costs on businesses and governments, increasing cybersecurity expenditures, distorting markets, and eroding consumer trust. The study highlights the uneven distribution of cybercrime, with wealthier, digitally advanced regions facing greater risks. Special attention is given to European and Central European trends, particularly in Hungary, where cyber threats are rising. The analysis explores regulatory responses, international cooperation, and evolving cybercriminal tactics, including Artificial Intelligence driven fraud. Findings suggest that strengthening cybersecurity policies, enhancing public awareness, and fostering cross-border collaboration are crucial to mitigating economic damage. The paper aims to inform policy strategies that improve digital resilience and financial stability.

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Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research - LIMEN 2024 - International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings , December 5, 2024

Conference Proceedings published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia

ISBN: 9788680194929 , ISSN: 26836149 , DOI: 10.31410/LIMEN.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

Suggested Citation

Herke, C., & TΓ³th, D. (2025). The Economic Impact of Cybercrime: A Literature Review of Regional and Global Drivers. International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings (pp. 543-550). Association of Economists and Managers of the Balkans, Belgrade, Serbia. https://doi.org/10.31410/LIMEN.2024.543

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