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Browse: Home / 2014 / June / 09 / Cyber crime costs global economy $445 billion a year: report | Reuters

Cyber crime costs global economy $445 billion a year: report | Reuters

By Securities Docket on June 9, 2014, 1:47 pm

Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking, according to research published on Monday.

The report from the Center for Strategic and International Studies (CSIS) said cyber crime was a growth industry that damaged trade, competitiveness and innovation.

via Cyber crime costs global economy $445 billion a year: report | Reuters

Posted in Data Breach, Risk Mgmt, Top | Tagged Studies

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