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"Microsoft Researchers say cybercrime loss estimates are a bunch of bunk"

"The cybercrime wave, with all those scary numbers claiming cybercriminals are costing industries somewhere between 'billions to $1 trillion,' is a bunch of bunk. Or so Florêncio and Herley wrote more eloquently in a New York Times article. 'Cybercrime billionaires are hard to locate because there aren't any,' they wrote in 'The Cybercrime Wave That Wasn't.' Nevertheless, the cybercrime stats floating around in the fear-factor stratosphere make cybercrime sound like a booming business."