Global Internet shutdowns cost $10 billion: report

Global Internet shutdowns cost $10 billion: According to research from Top10VPN. The global economy suffered a $10 billion loss due to the internet being shut down in different regions of the globe. The article also said that the amount is twice what it was in 2021.

According to the research published on Tuesday, there have already been more internet outages in the first half of 2022 than in all of 2021.

As Top10VPN, the significant shutdowns in 16 nations cost $10.6 billion, compared to $5.45 billion in 50 significant shutdowns the year before.

According to the research, there are three different kinds of shutdowns: social media and internet blackouts and severe throttling in which mobile networks may only send voice and text messages.

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Global Internet shutdowns cost $10 billion

According to the research, most of the $10.6 billion came from Russia, where internet outages cost $8.7 billion. After it invaded Ukraine in February of this year to quell the protesters, Russia started experiencing outages.

The governments of Sudan, Syria, and Algeria cracked down to prevent students from using the internet to cheat on examinations.

Top10VPS calculated the cost using Netblocks and the Internet Society’s Cost of Shutdown Tool. The paper states that “regional shutdown costs estimate from the region’s economic production as a share of the national GDP.”

According to the methods section, partial shutdown costs compute for the impacted nations’ most recent publicly accessible internet market-share data.

How does an internet shutdown work?

The BBC claims that a government may impose access restrictions. By directing internet service providers (ISPs) to do so for their users. This impacts the use of social media.

It may request that ISPs prohibit all internet access as a more drastic action.