The internet has heralded an economic revolution. The internet economy of the G20 countries alone is worth more than $4.2 trillion representing 5.3% of their total GDP. However, as Tim Berners Lee, the father of the internet has put it: “While the web has created opportunity, given marginalized groups a voice, and made our daily lives easier, it has also created opportunity for scammers, given a voice to those who spread hatred, and made all kinds of crime easier to commit.”
In a series of reports, we reveal the monetary cost caused by bad actors on the internet. CHEQ has worked with the economist, Professor Roberto Cavazos at the University of Baltimore, to undertake the first ever in-depth economic analysis of the full scale of internet harm. For the first time, using economic analysis, statistical & data analysis, we measure the global economic price paid by businesses and society due to problems including ad fraud, online bullying, and fake news.