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Cybercrime has grown into a global industry worth around half a trillion dollars, with no sign of slowing, a research report said Monday.The report by the Center for Strategic and International Studies (CSIS) with security firm McAfee estimated the global economic cost of cyberattacks at $445 billion, accounting for the loss of 350,000 jobs in the United States and Europe. The study gave a range of $375 billion to $575 billion in losses, but the authors said these figures were conservative in the face of limited data from many parts of the world.
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