Costs to defend against cyber threats continue to grow as losses mount from cybercrime. Examples of these crimes include retailers such as Target and Home Depot with the loss credit card information, to Sony related loss of company secrets on film releases, and to the US Government, with millions of government employee’s personal data breached. Cybercrime is now an everyday occurrence and estimated annual costs due to these acts have soared into the hundreds of billions of dollars.
For this SLP, answer the following:
1. What are some estimates on the cost of cybercrime to individuals, businesses, and the governments?
2. Describe some significant cybercrime examples (at least one to a government, business and individual). Comment on the actor, target, methods and resulting impact.
