Malicious cyber activity cost U.S. economy $57 billion – $109 billion in 2016: White House report

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WASHINGTON (Reuters) – A White House report estimated on Friday that malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016.

The estimate was contained in a report by the White House Council of Economic Advisers on the economic costs of cyber threats.

The report quoted the U.S. intelligence community as saying the main foreign culprits responsible for much cyber activity are Russia, China, Iran and North Korea.