The Center for Strategic and International Studies (CSIS) released a report this morning “Net Losses – Estimating the Global Cost of Cybercrime” which outlines the cost of cybercrime to the world economy. The report illustrates how Cybercrime has its biggest impact on nations who rely on innovation for wealth creation, as cybercrime has a significant impact on intellectual property.
CSIS reports that in the United States notified 3,000 companies in 2013 reported they had been hacked, with retailers leading as a particularly hot target for cybercrime groups. Roughly 15% of the U.S. population have had their personal information compromised as the result of one or more breaches.
Download the full report