Aerospace Group:

Business/Financial

Global Cost Of Cybercrime Between $375 Billion And $575 Billion, CSIS Says

By Cal Biesecker

Tuesday, June 10th, 2014

SHARE:

Global Cost Of Cybercrime Between $375 Billion And $575 Billion, CSIS Says

James Lewis, director and senior fellow, CSIS Strategic Technologies Program

Annual costs to the global economy of cybercrime range between $375 billion and $575 billion and the cyber threat remains a “growth industry,” according to a new study by the Center for Strategic Studies (CSIS) and cyber security provider McAfee. These estimates are probably on the “low side” because many governments don’t do a good job producing data that leads to underestimating the costs of cybercrime, Stewart Baker, a former official with the Department of Homeland Security and one of…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]