Cybercrime losses are estimated at about $400 billion per year worldwide

  • Team Omega
  • June 17, 2014

These numbers are from the research by the McAfee security unit in conjunction with the Center for Strategic and International Studies (CSIS), a Washington, DC think tank.

The loss estimate is from the crimes reported and known to the public.  Several of these cyber crimes go unreported every year. The McAfee study says, “the low-end estimate of cyber attack-related losses is $375 billion, while the upper limit is $575 billion”.  “Even the smallest of these figures is more than the national income of most countries and governments,” the report stated.

For more: – check out the McAfee report – read the Computerworld article