Cybercrime costs global economy $445bn annually: study
10/06/2014 1:09 am EDT


share with your network:




According to a report by the Centre for Strategic and International Studies (CSIS), cybercrime costs the global economy about $445bn every year, with the damage to business from the theft of intellectual property exceeding the $160bn loss to individuals from hacking, Reuters has reported. A conservative estimate would be $375bn in losses, while the maximum could be as much as $575bn, said the reported, sponsored by security software company McAfee. The world’s biggest economies bore the brunt of the losses, the research found, with the toll on the US, China, Japan and Germany reaching $200bn a year in total.

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.