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Hacking costs the economy between $375 and $575 billion per year

Jun 9, 2014 // Rurik Bradbury

A new report by former US officials pegged the cost of hacking at up to $575 billion per year, writes the Wall Street Journal. It’s a huge number.

One of the biggest weaknesses, and a subject close to our heart, is insecure passwords, which are very often the entry point for hackers. So if you don’t yet have a team password management app, give CommonKey a try. And if you do have one, make sure to use long, randomized passwords and don’t recycle across different apps.