Cybercrime Remains Growth Industry With $445 Billion Lost

Cybercrime remains a growth industry. That’s the main message from former U.S. intelligence officials, who in a report today outlined scenarios for how $445 billion a year in trade theft due to computer hackers will worsen. They warned that financial companies, retailers and energy companies are at risk from thieves who are becoming more sophisticated at pilfering data from their servers. The outlook “is increased losses and slower growth,” with no “credible scenario in which cybercrime losses diminish,” according to the report published by the Washington-based Center for Strategic and International Studies.