Global Losses to Cybercrime

According to a report published by computer security firm McAfee and the Center for Strategic and International Studies, the global economy faces losses between $100 Billion to $500 Billion each year due to cybercrime.

In the United States, the losses are estimated to $100 Billion. Based on those figures, cybercrime may cause up to 508,000 jobs to be lost in the US economy.

Source:  Siobhan Gorman, “Annual U.S. Cybercrime Costs Estimated at $100 Billion,” Wall Street Journal, July 22, 2013.

Full Report: “The Economic Impact of Cybercrime and Cyber Espionage,” Center for Strategic and International Studies, McAfee, July 2013.