Cyber crime costs $445bn globally (4)

The News International, Pakistan 2014.06.10 05:53
From Print Edition LONDON: Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking, according to research published on Monday. The report from the Center for Strategic and International Studies (CSIS) said cyber crime was a growth industry that damaged trade, competitiveness and innovation.
INNOVATOR, INNOVATION, BRUNT, THEFT, COMPETITIVENESS, TAKEDOWN, Intel, USA, China, Turkey, Germany, Japan