{"id":3013,"date":"2013-07-25T10:00:05","date_gmt":"2013-07-25T14:00:05","guid":{"rendered":"http:\/\/blog.nccomputertech.com\/?p=3013"},"modified":"2013-07-25T10:00:05","modified_gmt":"2013-07-25T14:00:05","slug":"cybercrime-drains-up-to-140-billion-from-the-us-economy-anually","status":"publish","type":"post","link":"https:\/\/nccomputertech.com\/techtalk\/2013\/07\/25\/cybercrime-drains-up-to-140-billion-from-the-us-economy-anually\/","title":{"rendered":"Cybercrime drains up to $140 billion from the US economy anually"},"content":{"rendered":"

\"\"<\/a><\/p>\n

A new study from the Center for Strategic and International Studies, with help from McAfee, has revealed the cost of cybercrime on the United States economy: as much as $140 billion and half a million jobs each year. Or at least “that’s our best guess”, according to James Andrew Lewis, director of technology and public policy at the center.
\nRather than relying on inaccurate surveys of companies to come up with the figure, the center relied on models that are also used for estimating the economic effects of car crashes and ocean piracy. Four years ago a survey-based study estimated that cybercrime contributed to $1 trillion of annual losses in the US economy, however many criticized the figure for being far too high; McAfee claims that the new study significantly refines this figure.
\nThe report looked at a range of different forms of cybercrime, including phishing and text messaging scams, loss of sensitive business information, intellectual property theft, damage to reputation, service disruptions and security costs. The center was still looking into the effect of cybercrime on innovation, and suggests a follow-up to this report may include a larger figure once this is factored in.
\nA press conference on Monday featured McAfee vice president Phyllis Schneck, who claimed the “sharper, accurate” estimate would help executives at other companies assess the importance of investments related to cybersecurity. She also said the overall issue of cybercrime and its effects go “much, much deeper”, and that one day she hopes that not as much money will need to be spent to curb the effects of cybercrime.
\nvia Cybercrime drains up to $140 billion from the US economy anually – TechSpot<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new study from the Center for Strategic and International Studies, with help from McAfee, has revealed the cost of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7],"tags":[248,319,455,950,1124],"class_list":["post-3013","post","type-post","status-publish","format-standard","hentry","category-security","tag-cybercrime","tag-economy","tag-hacking","tag-security-2","tag-united-states"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/papNkV-MB","jetpack-related-posts":[{"id":8738,"url":"https:\/\/nccomputertech.com\/techtalk\/2015\/11\/09\/surprise-adobes-flash-is-a-favorite-hacking-target-by-far\/","url_meta":{"origin":3013,"position":0},"title":"Surprise: Adobe’s Flash is a favorite hacking target by far","author":"NCCT","date":"November 9, 2015","format":false,"excerpt":"Jeremy Kirk | PCWorld Adobe Systems\u2019 Flash plugin gets no love from anyone in the security field these days. A new study released Monday shows just how much it is favored by cybercriminals to sneak their malware onto computers.It looked at more than 100 exploit kits, which are frameworks planted\u2026","rel":"","context":"In "Security"","block_context":{"text":"Security","link":"https:\/\/nccomputertech.com\/techtalk\/category\/security\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7294,"url":"https:\/\/nccomputertech.com\/techtalk\/2014\/12\/29\/beware-fake-the-interview-movie-download-app-is-in-the-wild\/","url_meta":{"origin":3013,"position":1},"title":"Beware: Fake “The Interview” movie download app is in the wild","author":"NCCT","date":"December 29, 2014","format":false,"excerpt":"\"The Interview\" is undeniably the hottest movie of the year, which is a comedy about a plan to kill North Korea's leader, Kim Jong-un. It has also been the most controversial, backed by disputes with hackers threatening theaters who will play the said movie with physical action, and also by\u2026","rel":"","context":"In "Security"","block_context":{"text":"Security","link":"https:\/\/nccomputertech.com\/techtalk\/category\/security\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9074,"url":"https:\/\/nccomputertech.com\/techtalk\/2016\/12\/13\/this-week-in-tech-592-mcafee-for-cyber\/","url_meta":{"origin":3013,"position":2},"title":"This Week in Tech 592: McAfee for Cyber","author":"NCCT","date":"December 13, 2016","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?feature=player_detailpage&v=RA3qm6vnKEM Samsung pushes out an \"update\" that kills the Note 7 once and for all - unless you're on Verizon. Tech heavyweights meet with Trump this week. CIA determines that Russians hacked the DNC and RNC. Amazon creates a cashierless store with Amazon Go. Why are the AirPods delayed? PewDiePie\u2026","rel":"","context":"In "Technology"","block_context":{"text":"Technology","link":"https:\/\/nccomputertech.com\/techtalk\/category\/technology\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/RA3qm6vnKEM\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6142,"url":"https:\/\/nccomputertech.com\/techtalk\/2014\/08\/06\/department-of-homeland-security-warns-retailers-of-backoff-pos-malware-techspot\/","url_meta":{"origin":3013,"position":3},"title":"Department of Homeland Security warns retailers of ‘Backoff’ POS malware – TechSpot","author":"NCCT","date":"August 6, 2014","format":false,"excerpt":"The Department of Homeland Security yesterday issued an alert about a point-of-sale malware that was used in a string of recent attacks by cyber criminals. Dubbed Backoff, the malware has been witnessed on at least three separate forensic investigations since late 2013 and continues to operate today. According to US-CERT,\u2026","rel":"","context":"In "Security"","block_context":{"text":"Security","link":"https:\/\/nccomputertech.com\/techtalk\/category\/security\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7352,"url":"https:\/\/nccomputertech.com\/techtalk\/2015\/01\/06\/digital-downloads-give-way-to-strong-sales-of-vinyl-records-streaming-in-2014\/","url_meta":{"origin":3013,"position":4},"title":"Digital downloads give way to strong sales of vinyl records, streaming in 2014","author":"NCCT","date":"January 6, 2015","format":false,"excerpt":"While it should come as little surprise that sales of digital albums and songs continued to decline in 2014, you may be taken back by the fact that sales of vinyl records more than doubled since 2013 according to data compiled by Nielsen SoundScan. Over the course of 2014, Americans\u2026","rel":"","context":"In "Technology"","block_context":{"text":"Technology","link":"https:\/\/nccomputertech.com\/techtalk\/category\/technology\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7480,"url":"https:\/\/nccomputertech.com\/techtalk\/2015\/01\/20\/nsa-secretly-hijacked-existing-malware-to-spy-on-n-korea-others\/","url_meta":{"origin":3013,"position":5},"title":"NSA secretly hijacked existing malware to spy on N. Korea, others","author":"NCCT","date":"January 20, 2015","format":false,"excerpt":"A new wave of documents from Edward Snowden's cache of National Security Agency data published by Der Spiegel demonstrates how the agency has used its network exploitation capabilities both to defend military networks from attack and to co-opt other organizations' hacks for intelligence collection and other purposes. In one case,\u2026","rel":"","context":"In "Security"","block_context":{"text":"Security","link":"https:\/\/nccomputertech.com\/techtalk\/category\/security\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/nccomputertech.com\/techtalk\/wp-content\/uploads\/2015\/01\/grand-peoples-study-house-computer-lab-640x436.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/nccomputertech.com\/techtalk\/wp-content\/uploads\/2015\/01\/grand-peoples-study-house-computer-lab-640x436.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/nccomputertech.com\/techtalk\/wp-content\/uploads\/2015\/01\/grand-peoples-study-house-computer-lab-640x436.jpg?resize=525%2C300 1.5x"},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/posts\/3013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/comments?post=3013"}],"version-history":[{"count":0,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/posts\/3013\/revisions"}],"wp:attachment":[{"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/media?parent=3013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/categories?post=3013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/tags?post=3013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}