espionage

Cybercrime Costs 508,000 U.S. Jobs

Posted on 07/25/2013 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsAs many as 508,000 American jobs have been lost to cybercrime, the hacking of computer networks to find confidential information and disrupt service, a new report says.  Armed with stolen data, foreign companies are able to better compete in world markets against American companies, leading to job reductions in the United States. Service disruptions, lowered consumer trust and higher costs of computer security also drag the American companies down. Touted as the first-ever report that connects cybercrime to job loss, …