Cost of U.S. Cybercrime Estimated to Reach $100 Billion

The cost of cyberespionage and cybercrime to the U.S. may reach $100 billion each year, according to a study, casting doubt on earlier estimates that the costs were as much as 10 times higher. The latest estimate is backed up by some U.S. intelligence analysts, who also believe the figure is closer to $100 billion, according to a former U.S. official familiar with the intelligence discussions.