Tuesday July 23, 2013

Cybercrime Can Cost Economy Up To $500B

Do you ever wonder how they come up with numbers like this? I mean, how do you put a price tag on "reputation damage?"

Cybercrimes may cost the global economy US$100 billion to US$500 billion, and over 500,000 jobs in the U.S., due to various factors such as reputation damage, consumer losses, and service disruption costs.