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Hackonomics: Cybercrime’s Cost to Business

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.

via Hackonomics: Cybercrime’s cost to business | ZDNet.

 

 

 

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