McAfee: '$1 trillion global cyber crime cost was over the top'

clock

McAfee CTO Mike Fey admits to 'flawed' estimate for global cyber crime costs

Mike Fey, global chief technology officer at security software company McAfee, has retracted the company's claims that pinned worldwide losses from cyber crime at more than $1tn, adding that suppos...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Over 40 million customer records exposed in data breach, T-Mobile confirms

Hacking

No payment card details of customers or any other financial information was accessed, it asserts

clock 19 August 2021 • 3 min read

Security Technology

Recent massive cyber-attacks have pushed interest and investment in AI-enhanced security, Computing research shows

clock 15 July 2021 • 5 min read

Security

Join the team as they discuss the latest enterprise tech news from around the world, mostly avoid talking about the football, but sadly do hear about John's parsnip wine...

clock 25 June 2021 • 1 min read

More on Security

Met police disrupt LabHost scam-as-a-service website

Met police disrupt LabHost scam-as-a-service website

Dozens arrested globally and thousands sent warnings

Penny Horwood
clock 18 April 2024 • 3 min read
Last chance to register for Cybersecurity Festival 2024

Last chance to register for Cybersecurity Festival 2024

Book your free place today

clock 18 April 2024 • 2 min read
Interview: Illumio, Security Excellence Awards finalist

Interview: Illumio, Security Excellence Awards finalist

'We are one team, delivering one platform, on one mission to ensure that organisations can realise a future without any high-profile breaches'

Computing Staff
clock 17 April 2024 • 5 min read