Symantec's 2013 Norton Report took a different route, coming up with a $113 billion as the global price tag of consumer cybercrime. For the U.S., $38 billion was the price tag of consumer cybercrime, with $298 as the average cost per victim in the U.S.
When McAfee collaborated with the Center for Strategic and International Studies, the resulting white paper [pdf] for 2013 came up with a rough guess of up to $100 billion annually for the U.S, which was approximately equal to 500,000 jobs. "Data is incomplete but global estimates vary from $300 billion to $1 trillion."
That $1 trillion price tag was repeated by NSA Chief Gen Keith Alexander in 2012. Yes, that is the same Alexander who recently admitted he lied to a Congressional committee about phone surveillance stopping 54 terror plots. "Alexander admitted that only 13 of the 54 cases were connected to the United States. He also told the committee that only one or two suspected plots were identified as a result of bulk phone record collection."
Sign up for Computerworld eNewsletters.