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Comment by nwellnhof | Hacker News Reader

> cybercrime — which the U.N. estimates costs $10.5 trillion around the world annually.

That's almost 10% of global GDP. Who comes up with these numbers?

It will all make sense once you realize who works at the UN, basically nepo babies of all colors and variety, including second cousins of Saudi royalty etc.

One of my family members was a research director at the UN and came from a middle class American family. It has its problems (he certainly has his share of complaints) but the idea that they are all nepo babies is incorrect and they do have serious researchers. Also, are we sure that the $10.5 trillion is a UN generated number? Other people in the comments seem to think it was made up by some other organization.

A relative of mine worked for the UN and interfaced with the UN after they left for a non-profit. Anyone that knows anything about them and also just simply observing what and how they are doing things should have no doubt that it is filled with people that got there by using their connections. And you absolutely constantly run into people that have no business being there other than through nepotism. Btw. I am sure that US staff is less likely to be a total nepo baby, but because the UN "has" to hire from all over the world, most roles are not filled like that.

It might be including the cost of the entire cybersecurity business sector? Salaries of security engineers, security vendors, etc. Not just fallout from hacks.

edit: cybersecurity ventures seems to be the real source for the 10.5T number: https://cybersecurityventures.com/cybercrime-damage-costs-10...

Apparently their methodology is just assume $3T cybercrime cost in 2015, then compound it by 15% annual.

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