1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
Hate Crime Convictions in Amish Beard-Cutting Case Overturned
Hate Crime Convictions in Amish Beard-Cutting Case Overturned
Ashton Kutcher Tells Teens the Real Way to be Sexy
Ashton Kutcher Tells Teens the Real Way to be Sexy
Rhode Island Little League Coach Gives Amazing Post-Game Speech
Rhode Island Little League Coach Gives Amazing Post-Game Speech
“The Notebook” Sparks Romance Between Brother and Sister
“The Notebook” Sparks Romance Between Brother and Sister
Job Listings

Cyber Crime Causes $445 Billion in Losses Per Year

The global economy loses $445 billion per year from cyber crime, according to the Bangor Daily News. Damage to businesses from stealing intellectual property comes in at $160 billion in losses due to hacking.

The report released on Monday came from the Center for Strategic and International Studies. It states that cyber crime was a growing industry that damaged innovation, trade and competitiveness.

The study was sponsored by McAfee and it said the conservative estimate of losses comes in at $375 billion and the maximum estimate could hit $575 billion in losses.

What

 job title, keywords

Where

 city, state, zip



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


“Cyber crime is a tax on innovation and slows the pace of global innovation by reducing the rate of return to innovators and investors,” Jim Lewis of CSIS said in a statement. “For developed countries, cyber crime has serious implications for employment.”

The study found that the largest economies in the world suffered the worst losses. The United States, Japan, China and Germany totaled $200 billion per year in losses.

There was $150 billion in losses tied to personal information, such as credit card data theft.

The report noted that some 40 million people in the United States have had their personal information stolen by hackers, which equates to 15 percent of the population. In Turkey, 54 million people were affected. Germany saw 16 million affected and China had more than 20 million affected.

Cyber Crime Causes $445 Billion in Losses Per Year by

Tagged: , , , , , ,

Posted by on June 9, 2014. Filed under Breaking News,Crime. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Real Estate Associate
USA-TX-Dallas

Our client is a north Dallas law firm who seeks a Real Estate Development Associate.  The ideal candidate will have 2-4 years law firm experience concentrated in representing real estate develope...