Cyber crime costs $100 billion a year

The logos of the U.S. Department of Homeland Security are seen on computer terminals at the Cyber Crimes Center of the U.S. Immigration and Customs Enforcement in Fairfax, Virginia.

This final note today on the latest estimate on the cost of cybercrime to American businesses. A study from McAfee, the antivirus and consulting firm, estimates cyber theft and crime costs the U.S. $100 billion annually

That's actually lower than estimated in the past -- but still a not-insignificant 1 percent of the overall U.S. economy. 

For some context: The cost of car crashes in 2010?

Also around $100 billion a year.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

Comments

I agree to American Public Media's Terms and Conditions.
With Generous Support From...