http://www.zdnet.com/hackonomics-cybercrimes-cost-to-business-7000030908/
By Violet Blue
Zero Day
ZDNet News
June 25, 2014
They say "crime pays" -- but we can be certain the paychecks for
cybercrime come right out of the pockets of every business with a digital
footprint.
In March, Juniper Networks and RAND Corporation released Hackonomics: A
First-of-Its-Kind Economic Analysis of the Cyber Black Markets; its
conclusion that the "Cyber Black Market" is more profitable than the
global illegal drug trade led us to examine the cost of the cyber black
market on businesses.
Actual costs of cybercrime are much debated, and the dozens of threat
reports issued in 2014 differ on the details. This is likely because
companies have a hard time knowing what was stolen, among other complex
issues that keep surveys, reports and studies from being accurate.
It may also have a bit to do with the fact that some of the companies
issuing reports -- namely, ones that sell cybercrime prevention and
detection software -- are stakeholders in cybercrime's reputation as a
growth industry.
One well-known example of fudging was the 2009 report by the Center for
Strategic and International Studies, which estimated hacking costs to the
global economy at $1 trillion. President Barack Obama, various
intelligence officials and members of Congress have cited this number when
pressing for legislation on cybercrime protection.
[...]
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