METRICS: Losses From Identity Theft To Total $US221 Billion Worldwide

Identity theft will result in the loss of $US221 billion worldwide by the end of 2003, with $US73.8 billion lost in the US alone. That number equals the total losses from 2002, when identity theft caused $US73.8 billion in losses worldwide, with the US accounting for about a third of that with $US24.6 billion. By 2005, losses from identity theft could amount to $US2 trillion worldwide, if the 300 per cent compound annual growth rate continues.

SOURCE: Aberdeen Group

Copyright © 2003 IDG Communications, Inc.

The 10 most powerful cybersecurity companies