In today’s digital world cyber security is extremely important because as technology advances, the need for cybersecurity is increasing at the same peace. Due to rising cybercrimes, not only specific countries but the global economy is also being negatively affected. This impacts the economic stability of the nation and global trade as well. The main objective of this study is to examine the impact of cyber security on the global economy. For this study secondary data resources have been used, including various government publication, articles and internal reports. This study focuses on why investment in cyber security is essential for both develop and developing countries. Additionally, it reveals how effective cyber security regulation and awareness programs help protect the digital economy. The conclusion states that in today’s digital era, no country can achieve sustainable global development without cyber security. Therefore, the cybersecurity organisation and team should make cyber risk management their central focus.
Rani et al. (Sun,) studied this question.