Cybercrime Cost Firms $1 Trillion Globally

[HardOCP News]

A new study says that cybercrime costs businesses around the world as much as $1 trillion. With a number like that, you’d think we’d be taking cybercrime more seriously.

The report, entitled "Unsecured Economies: Protecting Vital Information" is due to be released Thursday at the World Economic Forum annual meeting in Davos, Switzerland. It also finds that developing countries spend more money on protecting intellectual property than companies in Western countries.

 

[gaspah]

maybe with a blackberry wielding president rather than a technophobe that uses phrases like "the google"

 

[gaspah]

oh man i missed an opportunity to use luddites in a witty way

 

[Monkey God]

that number is highly inflated.

 

[Joe Average]

$1 trillion what though... Rupees? Yen? Dollars? EH? One would think that given exchange rates making such a claim is a bit obtuse and rather illogical... bleh.

 

[mavalpha]

$1 trillion what though... Rupees? Yen? Dollars? EH? One would think that given exchange rates making such a claim is a bit obtuse and rather illogical... bleh.

$ at the beginning narrows it down. Very few countries globally use dollars (Canada, US, Australia, and even fewer of those use that symbol.

 

[Joe Average]

Yes but... it's meaningless to just say $1 trillion worldwide, that's the point, because it still doesn't reflect accurate amounts, especially in light of not everyone using dollars as you pointed out.

 

[Database]

Yes but... it's meaningless to just say $1 trillion worldwide, that's the point, because it still doesn't reflect accurate amounts, especially in light of not everyone using dollars as you pointed out.

it's still a dollar sign, it means Dollars

 

[Nablis]

This is one part of the economic stimulus package.

 

[UrielDagda]

It's because we are spending all of our hundreds of millions of dollars in internet security funding doing something much more important-- creating, snaring and arresting online 'sex predators'... A much more politically lucrative practice!

 

[Jutsu]

It's because we are spending all of our hundreds of millions of dollars in internet security funding doing something much more important-- creating, snaring and arresting online 'sex predators'... A much more politically lucrative practice!

Rofl, yes half of that one trillion is Chris Hansen's salary...

 

[Crasher]

Most of it is going towards "the RIAA"