Norton Cybercrime Report 2011 Reveals Two Interesting Facts
Article by George Norman
On 09 Sep 2011
The Norton Cybercrime Report 2011 has been released earlier this week by Symantec, company that specializes in providing antivirus, antispyware, and internet security software solutions. The report brought two interesting facts to light.

The cost of global cybercrime is $388 billion annually
Using the results from a survey conducted in 24 countries among adults age 18 to 64, Symantec calculated the cost of global cybercrime; the figure it came up with is $114 billion annually. And if you were to take the value of time lost due to cybercrime, you would have to add another $274 billion on top of that. That amounts to $388 billion lost to cybercrime annually.

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To put things in perspective, the global black market for marijuana, cocaine and heroin combined, only amounts to $288 billion. Also to put things in perspective, last year 431 million adults fell victim to cybercrime. 14 adults fall victim to cybercrime per second. More than 1 million fall victim to cybercrime per day.

Norton Lead Cybersecurity Advisor Adam Palmer explained that “there is a serious disconnect in how people view the threat of cybercrime. Cybercrime is much more prevalent than people realize. Over the past 12 months, three times as many adults surveyed have suffered from online crime versus offline crime, yet less than a third of respondents think they are more likely to become a victim of cybercrime than physical world crime in the next year. And while 89 percent of respondents agree that more needs to be done to bring cybercriminals to justice, fighting cybercrime is a shared responsibility. It requires us all to be more alert and to invest in our online smarts and safety.”

People who get malware, get mugged in real life
The report also revealed that people who fall victim to malware, are more likely to get mugged in real life. According to the report, the people who are cautious and take steps to protect their data and their computers, are also cautious in real life. Those who are note cautious online are not cautious in real life either. And that means they have higher chances of getting mugged.

To find out what else the Norton Cybercrime Report uncovered and to check out the global and per country findings, click this link.



Tags: Symantec, Norton Cybercrime Report, Security
About the author: George Norman
George is a news editor.
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