The Economic Impact of Cyber Crime And Cyber Spionage up to $1 trillion

Security firm McAfee and the Center for Strategic and International Studies has released new report and start by asking what we should count in estimating losses from cybercrime
and cyber espionage.
The report analayzed and  break malicious cyber activity into six parts:

• The loss of intellectual property and business confidential information
• Cybercrime, which costs the world hundreds of millions of dollars every year
• The loss of sensitive business information, including possible stock market manipulation
• Opportunity costs, including service and employment disruptions, and reduced trust for online activities
• The additional cost of securing networks, insurance, and recovery from cyber attacks
• Reputational damage to the hacked company
   

Put these together and the cost of cybercrime and cyber espionage to the global economy is probably measured in the hundreds of billions of dollars. To put this in perspective, the World Bank says that global GDP was about $70 trillion in 2011. A $400 billion loss the high end of the range of probable costs would be a fraction of a percent of global income. But this begs several important questions about the full benefit to the acquirers and the damage to the victims from the cumulative effect of cybercrime and cyber espionage.