Net Losses: Estimating the Global Cost of Cybercrime

Citation[]

McAfee & Center for Strategic and International Studies, Net Losses: Estimating the Global Cost of Cybercrime (June 2014) (full-text).

This study looks at the impact of cybercrime and cyberespionage on national economies and society.

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What cybercrime means for the world is:

The cost of cybercrime will continue to increase as more business functions move online and as more companies and consumers around the world connect to the Internet.
Losses from the theft of intellectual property will also increase as acquiring countries improve their ability to make use of it to manufacture competing goods.
Cybercrime is a tax on innovation and slows the pace of global innovation by reducing the rate of return to innovators and investors.
Governments need to begin serious, systematic effort to collect and publish data on cybercrime to help countries and companies make better choices about risk and policy.

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