McAfee Regrets "Flawed" Trillion Dollar Cyber Crime Claims 39
Techy77 writes "McAfee's chief technology officer Mike Fey has admitted that he regrets his own company's estimates, which once pinned global losses from cyber crime at more than $1 trillion. From the article: 'A more recent report commissioned by the security company, and released last month, reduced those estimates to as low as $US300 billion globally, but specifically noted the difficulty of determining exactly how much companies, governments and individuals could lose if subject to an attack. “It’s very difficult to put a dollar figure on it,” Mr Fey said. “When you meet an engineer that has spent a good chunk of his life working on some innovation and it’s stolen overnight, you get a good feeling for what [intellectual property] loss means. It is the shift in a moment’s instance from an innovative company set strategically, to loss. It becomes difficult for that company to invest in innovation."'"
Wow, an article about McAfee Inc (Score:2, Insightful)
Wow, an article about McAffee Inc and not McAfee the loon. Well done Slashdot!
Personal Loss??? (Score:5, Insightful)
I have met individuals who claim to have had their life's work stolen by corporations, who subsequently patent it and then troll on the patent.
Small companies and corporations seem like more likely targets of that claim, and the perpetrators are likely larger companies....imho.
Re:Easy solution (Score:2, Insightful)
If you are worried about people stealing your intellectual property, don't have any intellectual property.
There already is a solution for that AND it gives you the advantage of using the code of all those others that were working on innovations.
Dear management: Next time you send us on some forced team building where we learn how a team is better then an individual: come with us and listen.
Now apply this to other things as well, like multiple companies. Suddenly we are a team working on a solution.
Can I mod this +1 Incomprehensible?