2 ms·

Haha! I dug a bit deeper and the figure seems to be a 2019 projection: https://ai-watch.ec.europa.eu/publications/cybersecurity-our-digital-anchor_en https://ai

Haha! I dug a bit deeper and the figure seems to be a 2019 projection: https://ai-watch.ec.europa.eu/publications/cybersecurity-our-digital-anchor_en https://ai-watch.ec.europa.eu/publications/cybersecurity-our... UPD: here is the original source for the figure https://cybersecurityventures.com/cybercrime-damages-6-trillion-by-2021/ https://cybersecurityventures.com/cybercrime-damages-6-trill... That report includes the cybersec costs as well as says that it was a 120B market in 2017 and made a projection that it would be worth 1T+ by 2021. Would be interested to see how those projections fared if anyone has better stats.

marcinzm 3y ago
So it seems to be a projection based on a presentation by the CEO of Microsoft that said the loss of potential revenue and growth is $3T in 2016 (note this is itself not actual measured impact but also a counter-factual projection). In other words it's the most aggressive projection (ie: most sources note it as such) based on the most liberal definition possible of impact from a throwaway slide by a CEO. Then it's listed as the actual number and not a historical projection from half a decade ago. https://www.smartcompany.com.au/technology/complacency-over-cybercrime-cost-3-trillion-in-2015/ https://www.smartcompany.com.au/technology/complacency-over-...