Think Cybercrime is Victimless – New Study Links Cybercrime and Cyber Espionage to Job Loss

Think Cybercrime is Victimless – New Study Links Cybercrime and Cyber Espionage to Job Loss

The Center for Strategic and International Studies released a report over the summer - which is the first study to link Cybercrime and cyber Espionage directly to global job loss. With an estimate of $100 billion loss per year and a 2011 estimate from the Commerce Department that $1 billion = 5080 jobs, the calculated loss is 508,000 jobs and equivalent. Essentially the losses from Cybercrime causes businesses to not hire about a half million workers per year - which is a significant number.

When your think of the security for your business - how susceptible are you to cybercrime? Do you know if your firewall is up to date, or if your anti-virus is enabled? Don't be a statistic, make sure your IT provider is giving you a comprehensive review of all security areas of your business and data - including mobile devices, remote workers and your off-site backup data storage (you are backing up off-site, correct?).

Read the full Cybercrime and Job Loss report from McAfee and CSIS