McAfee and CSIS - Net Losses: Estimating the Global Cost of Cybercrime

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McAfee and CSIS - Net Losses: Estimating the Global Cost of Cybercrime

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Taylor Roberts

Cybercrime is a growth industry. The returns are great, and the risks are low. We estimate that the likely annual cost to the global economy from cybercrime is more than $400 billion.1 A conservative estimate would be $375 billion in losses, while the maximum could be as much as $575 billion. Even the smallest of these figures is more than the national income of most countries and governments and companies underestimate how much risk they face from cybercrime and how quickly this risk can grow.

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