New Report Shows Cybercrime’s Impact on the Global Economy
The Center for Strategic and International Studies has estimated that cybercrime and economic espionage likely cost the world economy an incredible $445 billion, which is one percent of the global income. Though it's not quite as staggering as the $1 trillion figure that President Barack Obama cited, this figure does put cybercrime in the same ranks as drug trafficking in terms of global economic damage. What's most troubling about the study, though, is that it suggests other problems in addition to these direct economic losses.
“This is a global problem and we aren’t doing enough to manage risk,” said James A. Lewis, a senior fellow with the Center for Strategic and International Studies and a co-author of the report.
According to the report, cybercrime most significantly affected t...









