Well, it’s not exactly good news. Technology blogger Peter Vogel of Gardere says that cybercrime is getting worse in this recent post. He draws on a recent report from the Center for Strategic and International Studies and McAfee Inc., which found that cybercrime can cost the global economy as much as $575 billion per year. See “Net Losses: The Global Cost of Cybercrime.”
“Though we have smarter online users, better detection tools, and a host of legal tools at our disposal, Internet crime is worse than ever,” said Roger Grimes of InfoWorld. Grimes chalks up cybercrime’s growth to five factors: it’s not hurting the economy enough (yet); a lack of resources; lack of legal evidence; indefinite legal jurisdiction; and Internet criminals almost never getting caught.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
