Oft-cited cybercrime cost estimates called out as inflated

President Barack Obama said it in a major speech on cybersecurity. U.S. senators said it while promoting their Cyber Security Act of 2012. Gen. Keith Alexander, director of the National Security Agency and head of the U.S. Cyber Command, said it while warning of "the greatest transfer of wealth in history" through the theft of intellectual property. "It" was that the costs of cybercrime are $250 billion each year according to Symantec and $1 trillion each year accoridng to McAfee.

Source: http://www.infoworld.com/d/security/oft-cited-cybercrime-cost-estimates-called-out-inflated-201211?source=rss_security

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