I posted
a diary a year ago about National Security Agency (NSA) Chief General Keith Alexander's claim to the American Enterprise Institute that computer hackers were responsible for "the greatest transfer of wealth in human history" based on figures provided by the internet security firm McAfee. Alexander made the claim in support of a bill to
broaden the NSA's powers.
I called BS on it then, and I'm calling it now...
From today's San Jose Mercury News:
A $1 trillion estimate of the global cost of hacking cited by President Barack Obama and other top officials is a gross exaggeration, according to a new study commissioned by the company responsible for the earlier approximation.
A preliminary report being released Monday by the Center for Strategic and International Studies and underwritten by Intel's (INTC) security software arm McAfee implicitly acknowledges that McAfee's previous figure could be triple the real number.
Looks like "hyping the threat" didn't die out with the Bush Administration...
(And dos v'danya, Eddie Boy...)