Center for Strategic and International Studies estimates cybercrime costs at least $400 billion annually. The U.S., China and Germany are the countries hit most by cyber-espionage, the report says. The report comes in the wake of a series of alleged cybercrime operations in China and Eastern Europe that are accused of stealing millions of dollars from businesses through either theft of trade secrets or outright financial fraud. McAfee, part of Intel Security, sponsored the CSIS cybercrime report, says many cyberattacks are outsourced to what appear to be about two dozen main cyber-gangs.”]
Source: https://www.csoonline.com/article/2361011/annual-cost-of-cybercrime-hits-near-400-billion.html