Box of Meat

Microsoft Research: Sex, Lies and Cyber-crime Surveys

“Far from being broadly-based estimates of losses across the population, the cyber-crime estimates that we have appear to be largely the answers of a handful of people extrapolated to the whole population. A single individual who claims $50,000 losses, in an N=1000 person survey, is all it takes to generate a $10 billion loss over the population. One unverified claim of $7,500 in phishing losses translates into $1.5 billion.”

27 September 2011
10:21

Box of Meat