Cybersecurity
The Global Cost of Cybercrime: More Than $400 Billion Per Year
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What’s the cost of cybercrime? A report (PDF) released on Monday puts the annual hit to the global economy at more than $400 billion.
If you find that figure eye-popping, the report by security software-maker McAfee and the Washington think tank Center for Strategic and International Studies calls it a “conservative” estimate. The high end of the range is $575 billion.