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Net Losses: Estimating the Global Cost of Cybercrime

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Citation Edit

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

Overview Edit

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

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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