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Report: Cybercrime Costs $445 Billion Annually

Report: Cybercrime Costs $445 Billion Annually

A Washington think tank has estimated the likely annual cost of cybercrime and economic espionage to the world economy at more than $445 billion — or almost 1 percent of global income. According to the Washington Post the estimate by the Center for Strategic and International Studies is lower than the eye-popping $1 trillion figure […]