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Crime pays! Cybercrooks net $105B!
September 27, 2007
McAfee CEO David DeWalt recently said that cybercrime has become a $105 billion business that now surpasses the value of the illegal drug trade worldwide. But the Wall Street Journal’s “Numbers Guy,” Carl Bialik, is skeptical. In a post yesterday titled “A Cybercrime Stat’s Nine Lives,” he traces the $105B figure’s “long, twisted path from its birth as one security consultant’s estimate to its repeated incarnations as some sort of official stat.”
Bialik checked with the FBI to see if it had tallied cybercrime. “We do not place dollar estimates on the amount of cybercrime as it is very difficult to measure,” FBI spokesman Paul Bresson told him. “We have seen industry estimates that range anywhere from hundreds of millions of dollars to multiple billions.”
Posted by Rick Nelson on September 27, 2007 | Comments (1)
