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Cybercrime remains growth industry with $445 billion lost

2014/06/09

Bloomberg News - (International) A McAfee and Center for Strategic and International Studies (CSIS) report estimated that various forms of cybercrime globally caused losses of $445 billion a year to various industries, including financial institutions, energy companies, and retailers. The report pointed to stolen trade secrets and intellectual property as the largest source of losses to legitimate companies, as well as the potential for market manipulation and insider trading, among other findings.

Source: http://www.bloomberg.com/news/2014-06-09/cybercrime-remains-growth-industry-with-445-billion-lost.html

Note: This news synopsis is taken from the DHS Daily Open Source Infrastructure Report, a daily [Monday through Friday, except US Federal holidays] summary of open-source published information concerning significant critical infrastructure issues; a 10-day archive of the DOSIR can be found at: http://www.dhs.gov/dhs-daily-open-source-infrastructure-report.


Last Updated: 27 May 2016 10:20:29