Still thinking about yesterday's ridiculous report on cybercrime dollars exceeding drug trafficking. A little digging reveals estimates of $322-400 Billion dollars for the illegal drug market. I cannot believe that all these journalists and online zines are picking up on this story without fact checking. The Reuters stringer even got Valerie McNevin's name misspelled. The cybercrime figure of $104 Billion is off by at least a factor of ten.
Cybercrime is a huge threat. But it is NOT a $104 Billion problem.