Stat Of The Week: The Cost Of Cyber Crime
How much is cyber crime costing the economy?
So hot right now? Massive corporate cyber security fails. From Sony to Anthem, this is the age of the data breach. How much is this supposedly costing us?
According to a recent industry report, guesstimates are that the global cost of cyber crime to businesses range from around $445 billion to $2 trillion annually. (Why not just say “eleventy-gazillion-we-have-no-idea?”)
Of course, law firms are notoriously the “soft underbelly” of American cyber security. For the practitioner’s perspective on cyber security, Gardere Wynne partner Peter Vogel’s blog is essential.
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