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Cybercrime's bottom line: $500 billion

Cybercrime toll

(Editor's note: In this guest essay, Deloitte consultants Eric Openshaw and Irfan Saif assemble the best available estimates for the economic clout of the cybercrime industry.)No one knows the true cost of cybercrime. Annual loss estimates for U.S. corporations range from $70-140 billion in a recent report from the Center for Strategic and International Studies (CSIS) to $400 billion quoted by U.S. House of Representatives Intelligence Committee leaders who introduced the Rogers-Ruppersberger Cybersecurity Bill. The CSIS report put global costs at up to $500 billion, while U.S. NSA Director General Keith Alexander calls cyber theftof intellectual

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09 Nov
Theresa Payton @FortaliceLLC
Cybercrime costs $500 billion http://t.co/STtuQrz1qH via @USATODAY