Cybercrime likely costs the global economy more than...
Cybercrime likely costs the global economy more than $445 billion per year, McAfee and the Center for Strategic and International Studies said Monday in a report. The report said the annual global cost could be as low as $375 billion…
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and as high as $575 billion. The U.S. annual loss is around $100 billion, the report said. Those figures are likely to increase in the coming years, amplifying cybercrime’s impact on the global economy, the report said. Global losses from abuse of personal information and related records totals up to $160 billion annually, with about 40 million people in the U.S. -- about 15 percent of the population -- having had their information stolen, the report said. “Governments need to begin serious, systematic effort to collect and publish data on cybercrime to help countries and companies make better choices about risk and policy,” the report said (http://bit.ly/1oNjp21).