Cybercrime Losses Soar in 2011 -- Or Did They?

By Robert Vamosi | 9/5/12 4:01 AM

Symantec's new cybercrime report states that cybercrime costs $110 billion in direct financial loss based on a self-reported survey of 13,000 participants, across 24 countries, ages 18-64, but that loss number might now be taken with a grain of salt.

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The Myth Of That $1 Trillion Cybercrime Figure

By Robert Vamosi | 8/2/12 2:13 AM

There's an article on ProPublica dissecting two commonly quoted figures about cybersecurity: $1 Trillion in losses due to cybercrime itself and $388 million in IP losses for American companies. Both figures, according to the article are hyperbole to say the least.

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