McAfee and CSIS conclude that cybercrime costs businesses approximately $400 billion worldwide, with an impact on approximately 200,000 jobs in the United States and 150,000 jobs in the EU.
September 1, 2014
The report commends partnerships between countries for combating cybercrime, praising public-private partnerships in particular for beginning to show tangible results in terms of fighting cybercrime, such as the partnership of 11 nations to take down a crime ring associated with the GameOver Zeus botnet in June.
China will investigate providers of IT products and services to protect “national security” and “economic and social development,” according to the official Xinhua news agency. This move follows the U.S. government charged five Chinese military officers with hacking U.S. companies to steal trade secrets.
Three in four Britons are concerned about Internet privacy, according to a new poll from Ipsos MORI. Furthermore, 62 percent of Britons would rather keep their online activities private, even if it means that they lose out on personalized services and relevant recommendations. That puts Britain on a similar level to the United States, which countries such as France, Germany, Australia and Sweden are even less likely to say they would trade privacy for personalized services.
The information security function fully meets needs in only 17 percent of organizations, according to EY’s 16th annual Global Information Security Survey 2013, which tracks the level of awareness and action in response to cyber threats, canvassing the opinion of more than 1,900 senior executives globally.
Google Inc will begin to shield news organizations and human rights groups from cyberattacks as part of a new service package designed to support “free expression” on the Web in its “Project Shield” initiative, the company said Monday.
U.S. Representative Mike Rogers (R-MI) is hard at work in Washington D.C., despite Congressional recess, when other lawmakers have returned to their respective districts and even the President and his family escape the heat to a vacation destination.
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