New Report Suggests the Cost of Cybercrime is Nearly Unknowable | MIT Technology Review | Ciberseguridad + Inteligencia |
A new report gives a wide range for what cybercrime and espionage actually cost the United States and the world.


A new report basically says figuring out the cost of cybercrime and espionage is nearly impossible. It says U.S. losses might be as low as $20 billion or as high as $140 billion.


“A very crude extrapolation would be to take this ($20 billion to $140 billion) range for the U.S., which accounts for a little more than a fifth of global economic activity, and come up with a range of $100 billion to $500 billion for global losses,” says the report, by the security company McAfee and a Washington think-tank, the Center for Strategic and International Studies.


But that range is essentially a wild guess.

Via Gust MEES