Is cybercrime as big as its foes fear?

In the grand scheme of criminal threats, hacker kingpins do not appear to be on a par with Colombian drug lords—even if the security industry would wish it otherwise.
So says The Economist in Measuring the black web. Is cybercrime as big as its foes fear?

In the absence of figures from the practitioners, experts tend to fall back on surveys of victims, often compiled by firms that sell security software. These have a whiff of self interest about them: they are the kind of studies that get press released but not peer reviewed.

The security industry sometimes plays “fast and loose” with the numbers, because it has an interest in “telling people that the sky is falling”.

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