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CSIS Says Costs Of Cybercrime Growing Globally

Cal Biesecker By
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CSIS Says Costs Of Cybercrime Growing Globally
James Lewis, director and senior fellow, CSIS Strategic Technologies Program

The cost to the global economy of cybercrimes has risen from an estimated $445 billion in 2014 to nearly $600 billion currently, according to a new study.The reasons for the benefit growth to cyber criminals include faster use of new technologies, more potential victims as online users increase, ease of criminal activity, and an improved ability to turn stolen data into money, James Lewis, a cyber security expert with the Center for Strategic and International Studies, writes in the report.“Monetization…

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