Cybercrime Costs $445B Worldwide And Hits 150,000 EU Jobs

A benchmark study has revealed that cybercrime costs businesses nearly half a trillion dollars a year and impacts 150,000 jobs in the European Union. According to research by McAfee and the Center for Strategic and International Studies (CSIS), businesses across the globe lost around $445B (£266bn, €327bn), while the UK is one of the worst hit nations. Around 93% of large UK corporations and 87% of small British businesses reported a cyber-breach in 2013.