Calculating the Costs of Cyber Crime

On Monday, Security Fix looked at figures published by the Justice Department suggesting that the FBI had between 3 and 6 percent of its field agents dedicated to fighting cyber crime. On the surface, that number may seem low for an area the FBI rates as its No. 3 priority, behind only counter-terrorism and counter-espionage activities. Is that ratio appropriate? The only real way to know is to try to figure out how costly the cyber crime problem is in the first place. After all, how can we judge the proper level of resources to throw at a problem if we don’t have a good idea of just how bad cyber crime is? The problem, it seems, is that nobody really has any clue about how much cyber crime is costing U.S. businesses and consumers each year. The best guesses so far have been just that, and have ranged all

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