Saturday, June 14, 2014

Cybercrime Expensive Cost To National Economies

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[From article]
Failing to protect yourself online is so irresponsible, it could threaten the economy of entire nations.
That's according to a security report by California-based group, McAfee, which suggests cybercrime is now such big business, it is worth more than the wealth of some countries.
As a business, cybercrime would be ranked 27th in the world based on revenue, and the attacks are currently costing the world more than £238 billion ($400 billion) a year.

Hackers are holding the world to ransom: Cyber attacks cost the global economy more than £328 billion a year, claims report
Cyber attacks cost world more than 0.5% of its gross domestic product
It damages global economy almost as much as illegal drugs and piracy
McAfee report found 200,000 jobs had been lost as a result of attacks
There are 20 to 30 cybercrime groups operating on a ‘nation-state' level
The challenge remains in the lack of understanding among the public
The report comes in the wake of Operation Tovar, which disrupted the viruses that led to the National Crime Agency issuing a two-week alert
Daily Mail (UK)
PUBLISHED: 05:33 EST, 9 June 2014 | UPDATED: 07:32 EST, 9 June 2014

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