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ExtraTorrent.cc > Articles > Hacking Is Not That Dangerous

Hacking Is Not That Dangerous

Hacking Is Not That Dangerous

Added: Saturday, July 27th, 2013
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extrattorrent.com, 2013
It turned out that Intel subsidiary McAfee has exaggerated the cost of hacking in its fundamental study which was used to form the basis for American government cyber security policy. A study was conducted back in 2009 by the Centre for Strategic and International Studies and claimed that hacking cost the world economy $1 trillion.

Now US President keeps quoting this figure, as well as intelligence officials and members of Congress, in order to press for legislation on cybercrime protection. However, it recently turned out that $1 trillion was a huge exaggeration by McAfee. This was revealed by another study that was carried out by CSIS. The outfit discovered multiple flaws in the methodology of McAfee’s study and made a conclusion that a specific number would be much more difficult to calculate. According to the new research, the proper number could be $100 billion to $500 billion – although it’s a pretty high figure, it is hardly a trillion.

This is not the first time the McAfee’s figure was believed to be overstated – before, two principal Microsoft researchers had the same doubts. Actually, the CSIS explained that the United States might lose as little as $20 billion to $25 billion annually to cybercrime or as much as $100 to $140 billion. Both researches were underwritten by McAfee, which is considered to be one of the largest security technology vendors. In the meantime, the bias of the 2009 report was commented on at the time.

Media reports suggest that the companies can have a hard time trying to figure out what was stolen, while there are plenty of more complex economic issues out there which keep the surveys from being accurate. Now, even though the figures are 1/3 lower than the last survey, experts still have doubts that McAfee has got it right. It is clear what McAfee gets out of it if the figure is high – it is known that the company has helped the Department of Defense design a secure infrastructure and the latter has cited McAfee’s $1 trillion overestimate to argue for the expansion of cybersecurity programs.

Although hackers from abroad are definitely an increasing threat, it looks like the arguments for such expansions were based on McAfee’s earlier study results.

July 27th,2013

Posted by: 

Date:  Saturday, July 27th, 2013

Comments (11) (please add your comment »)

posted by (2013-07-27 22:38:22)
CaptCosmo avatarSo how much extra funding, "for the expansion of cybersecurity programs",
did McAfee "EARN" due to this "ERROR"?

posted by Site FriendET junkieET loverSupermanimmortal (2013-07-27 22:50:25)
jj avatarneither is having unprotected sex with aids infected monkeys

posted by (2013-07-28 06:54:26)
Solcis avatar^^You mean having bareback sex with AIDS-infected monkeys is dangerous???

Damn. There go my Friday nights....

posted by ET lovermen (2013-07-28 10:28:02)
brods73 avatarlol Solcis

posted by Turtle (2013-07-28 11:39:20)
No avatarAnd how many billions did all of these companies spend to keep giving us these supposed figures that mean diddly squat to the tax payers that are actually paying for it?

posted by (2013-07-28 13:28:14)
No avataryep is true isn't dangerous

posted by Site FriendET junkieET loverSupermanimmortal (2013-07-28 14:37:27)
jj avatarSolcis. My first comment was not sarcastic. Your Friday nights are still good to go! Take 'em deep!

posted by Turtle (2013-07-29 05:32:20)
Warwicked avatarSo what??? The Government should find the correct amount by turning off all protection.

posted by (2013-07-29 19:47:25)
alchemy316 avatarwhats funny is on the png for this article mcafee.png Denied: (analysis using the database of malicious URLs) 7/29/2013 2:46:26 PM

this happens idk but ironic i think

posted by Blocked (2013-07-29 21:15:28)
No avatarthe png is out of india, right there should tell you to avoid it like rotten curry

posted by (2013-07-30 17:04:27)
No avatarI hate McAfee! There crap slows up your machine worse than any virus. It came free on mine and I pulled it off completely the first day.

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