Thread by @vmyths

553 days ago, Steve Morgan's astronomically large yet unexplained #guesstimate for "the cost of cybercrime" exceeded the entire U.S. national debt.

Morgan has bragged that his wild-ass guess is already larger "than the global drug trade":

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"Staggering" is ✌️right✌️ — it amazes me how often Steve Morgan's absurdities #dupe cyber experts like @dralissajay, @WaleMicaiah, @lhmphaphuli, @KenBeattyJr, @eSentire, @LilyLopate, etc.

So, let's chart him against the GLOBAL GROSS DOMESTIC PRODUCT

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This chart plots Steve Morgan's asinine #guesstimates against WorldBank.org's figures for the 2015-2021 Global Gross Domestic Product with projections up to 2024. For 2025 onward, these charts show a 2.5% increase from an acceptable 2-3% for a healthy global GDP.

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Indeed, Steve Morgan's "global cost of cybercrime" #guesstimates prove astronomical:

In 2025 his prediction will exceed 10.8% of the projected global GDP!

Morgan predicts ~$1 of ✌️cost✌️ for every $9 of gross domestic production FOR THE ENTIRE PLANET starting in TWO YEARS.

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But wait!
IT GETS WORSE.

"What if" Steve Morgan's #guesstimates stabilize at "$10.5 trillion" from 2026 onward and a healthy global GDP rises 2.5% per year?

Morgan's 16-year total will EQUAL the 2030 global GDP — and his 20-year total will exceed $160 trillion!

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"0% growth" won't save Morgan from his insane predictions. It'll take one hundred years (ironically the year 2122) for the global GDP to catch back up.

They'll both equal $1 QUADRILLION 💸

Then "the global cost of cybercrime" will FINALLY fall below 1% of the global GDP.

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"What if" Steve Morgan predicts a 1% growth rate (vice 15%) and demands we use 3% for a healthy average global GDP?

"The global cost of cybercrime" in the year 2200 will remain over 10% of the global GDP.

And it will take CENTURIES to dip below 1% of the annual global GDP.

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These charts revealed how "the global cost of cybercrime" reaches QUADRILLIONS of dollars in too short a timeframe.

It always leads to the same conclusion: "Steve Morgan needs to explain himself."

He has NOT done so. These numbers seem pulled out of thin air.

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Since we're tearing Steve Morgan apart, let's talk about his claim that #ransomware in 2021 caused $20 billion in "overall damage worldwide."

$20 billion of the $6 trillion he claims for "the global cost of cybercrime" in 2021 is … a paltry 0.33%.