Publishers lose about $300 million annually due to e-book piracy.There's a 13.9% increase in visits to music piracy sites in 2022.Malware attacks due to unlicensed software packages can cost up to $359 billion annually.Digital video piracy reduces annual revenue in the US by at least $29.2 billion.Pirate downloads lead to 36 percent of malware infections.Editor's Choice ( How common is internet piracy) In this article, we'll look at online piracy statistics and their effects on the global market. Loss of jobs, loss of revenue, and increased susceptibility to malware infections are just a few of the negative consequences of piracy. Whatever the circumstances, piracy remains to be unethical and problematic. Studies show that the pandemic aggravated piracy by increasing the rate to 21.9% in 2021. It's no wonder the traffic on piracy websites keeps skyrocketing throughout the years. "Free access" to entertainment media would seem like the smart choice as we experience worldwide global economic recession.
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