Cyber crime costs the global economy between a whopping $100 billion and $500 billion annually, according to a first-of-its-kind report quantifying the economic impact of malicious cyber activity.
The research by the security firm McAfee and the Center for Strategic and International Studies (CSIS) also posits a $100 billion annual loss to the US economy and as many as 508,000 US jobs lost as a result of cyber crime.
Cyber crime costs world economy up to $500 b/year
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