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Cyber-attacks cost the U.S. economy between $57 billion and $109 billion in 2016 and are measured in things like lost revenue, data and intellectual property, court settlements, regulatory penalties and reputational damage, says a new report by the White House Council of Economic Advisors.The most costly attacks are associated with cyber theft of intellectual property (IP), even though these events are generally among the fewest reported, according to the report, The Cost of Malicious Cyber Activity to the U.S. Economy,…
