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":
Morgan has bragged that his wild-ass guess is already larger "than the global drug trade":
https://twitter.com/vmyths/status/1565157879023271937
1/🧵
"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
"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
https://twitter.com/CybersecuritySF/status/1604203319584591873
2/🧵
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.
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.
3/🧵
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.
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.
4/🧵
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!
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!
5/🧵
"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.
"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.
6/🧵
"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.
"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.
7/🧵
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.
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.
8/🧵
Ah, but there's the rub! Too many experts take Steve Morgan entirely at face value.
For example, Dr. Jay @dralissajay was President Obama's deputy CIO and *she* touts Morgan's 10.8% of global GDP as "the annual loss due to cybercrime" in two years.
@threadreaderapp unroll
Ah, but there's the rub! Too many experts take Steve Morgan entirely at face value.
For example, Dr. Jay @dralissajay was President Obama's deputy CIO and *she* touts Morgan's 10.8% of global GDP as "the annual loss due to cybercrime" in two years.
@threadreaderapp unroll
9/🧵
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%.
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%.
https://twitter.com/CybersecuritySF/status/1604945679482232853
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