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

Author(s): Csongor Herke, Dávid Tóth
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Cybercrime; Economic impact; Cybersecurity costs; Regional disparities; Digital resilience; Hungary
Summary/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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