Economics of Cyber Security and the Quantum of Felony

What is the annual profit of cyber crime syndicates? According to Tyler Moore from Harvard University, AT&T’s Chief Security Officer Edward Amoroso estimated that cyber-criminals’ annual profit exceed $1 trillion whilst testifying to U.S. Congress in 2009. Going by the quantum of the exploits, it could be potentially larger than the information technology industry in the United States. Cyber security has never been so much an economic and political affair. Economic aspects of cyber security deals with the entire spectrum of monetary transactions, operations, customer identify and intellectual property.

Source: Economics of Cyber Security and the Quantum of Felony – The Market Mogul