A new report released by the White House Council of Economic Advisors says the U.S. economy loses between $57 billion and $109 billion per year to malicious cyber activity.
NextGov is reporting on it today:
"That’s between 0.3 and 0.6 percent of the value of all the country’s goods and services....
That estimate 'likely amount[s] to only a small fraction of the cost that the U.S. economy may incur if the United States were to enter a large-scale conflict in cyber space,' such as a major cyberattack on the financial services sector or the energy grid, the report notes.
The total loss figure is based mostly on analyzing the effects of data breaches and other cyber incidents on companies’ stock prices. As a result, the data skews toward larger companies."