Cybercrime costing economy up to $500B a year, study finds

[Sherman A1]

Cybercrimes cost the global economy up to $500 billion annually, and can potentially result in the loss of 500,000 jobs in the United States alone.

These findings were highlighted in a report released Tuesday by the Center of Strategic and International Studies and commissioned by McAfee. Aimed at measuring real-world losses from cyberattacks, the center enlisted economists, intellectual property experts, and security researchers to develop the report. The researchers also based their estimates on comparisons to real-world analogies such as losses in car crashes, piracy, pilferage and crime, and drugs.

http://news.cnet.com/8301-1009_3-57595063-83/cybercrime-costing-economy-up-to-$500b-a-year-study-finds/?part=rss&subj=news&tag=title

[HiPointDem]

1. more & more i wonder what 'costing the economy' is even supposed to mean.

[Turbineguy]

2. Krykie

That's almost half as much as Wall Street! We'd better do fuck-all about it!