Cyber Crime Costs Global Economy $445 Billion A Year: Report

According to research published on Monday, cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking. The report from the Center for Strategic and International Studies said cyber crime was a growth industry that damaged trade, competitiveness and innovation. About 40 million people in the United States, roughly 15 percent of the population, has had personal information stolen by hackers, it said, while high-profile breaches affected 54 million people in Turkey, 16 million in Germany and more than 20 million in China. http://feeds.reuters.com/~r/reuters/businessNews/~3/AWSOQLsw8o4/story01.htm http://www.wochit.com