US Cybercrime Costs $140 Billion, Says CSIS Report

A new study, by the Center for Strategic and International Studies (CSIS), states that US cybercrime costs between $20 billion and $140 billion each year. It was estimated to be as much as $1 trillion a year, in 2009. Since then, the $1 trillion annual figure has been used by various politicians as a reason to improve the nation’s online defenses. …