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Terrorism is now considered to be the greatest threat to global peace and security. The global menace has had significant financial implications where the efforts by countries to re-stablish after attack have cost a great amount of resources.
The Sydney based Institute for Economics and Peace, in its 2015 Global Terrorism Index estimates that terrorism cost the world $52.9 billion (Sh5.29 trillion) in 2014, the highest since 9/11 attack which was estimated at $51.51 billion in damages. The report further pegs terrorism related deaths in 2014 to 32,700; with 93 countries having suffered attacks, up from 88 the year before.
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