Cyber attacks cost US up to $A153b in 2016

Cyber attacks on the US cost the economy $US109 billion ($A153 billion) while the main foreign culprits are Russia, China, Iran and North Korea.

1 min read

Published 17 February 2018 4:44am

Source: AAP

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A White House report estimated on Friday that malicious cyber activity cost the US economy between $US57 billion and $US109 billion ($A80 billion and $A153 billion) in 2016.

The estimate was contained in a report by the White House Council of Economic Advisers on the economic costs of cyber threats.

The report quoted the US intelligence community as saying the main foreign culprits responsible for much cyber activity are Russia, China, Iran and North Korea.

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