Pass the salt shaker please

I need to take the latest FBI exagerations with a large grain of salt. The report just out claims that computer crime costs US companies $67 billion.

I need to take the latest FBI exagerations with a large grain of salt. The report just out claims that computer crime costs US companies $67 billion. This is crazy talk. They surveyed a few companies and multiplied the self reported numbers by some really big numbers to come up with a really really big number.

By the FBI's estimate companies in the US suffered losses from cybercrime that are three times greater than worldwide spending on all security solutions. I don't think so.

I like to look at the other side of the equation. How much ill gotten gain ended up in the pockets of cyber criminals last year? I would peg it at more than $100 million but considerably less than $1 Billion.

Time for the FBI to stop doing this survey all together and start using reported thefts and losses as a measure. That would be something we could sink are teeth in to.