$50bn is small change...
Compared to the collective corporate carnage bloody beancounters have caused over the years. See also: lawyers, consultants.
Severe cyber-break-ins permanently stripped 1.8 per cent off companies' stock prices, on average, according to a new study out today. Putting that 1.8 per cent drop in context, that dip represents a permanent loss of market capitalization of £120m ($150m) for a typical FTSE 100 biz, we're told. Eggheads at Oxford Economics in …
With all the scams out there, law enforcement takes little notice. They seem to think that a small $50 or so problem is insignificant. Of course it is, but when you multiply by a big number (a simple thousand will do) it DOES become significant.
You just don't see that many good prosecutions for scams out there. Maybe the FBI could open an office in Lagos. I'm sure they could get some business there!