BR100 Decreased By (-0.23%)
BR30 Decreased By (-0.01%)
KSE100 Decreased By (-0.19%)
KSE30 Decreased By (-0.24%)
AGHA 7.74 Increased By ▲ 0.05 (0.65%)
BECO 5.29 Decreased By ▼ -0.02 (-0.38%)
BML 60.01 Decreased By ▼ -1.22 (-1.99%)
BOP 36.46 Increased By ▲ 0.46 (1.28%)
CNERGY 11.94 Increased By ▲ 0.69 (6.13%)
CSIL 6.17 No Change ▼ 0.00 (0%)
FCCL 57.36 Increased By ▲ 0.48 (0.84%)
FFL 16.58 Increased By ▲ 0.07 (0.42%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.32 Decreased By ▼ -0.10 (-1.35%)
KOSM 6.05 No Change ▼ 0.00 (0%)
LOTCHEM 27.14 Decreased By ▼ -0.06 (-0.22%)
MLCF 102.07 Decreased By ▼ -1.02 (-0.99%)
NBP 206.35 Decreased By ▼ -1.28 (-0.62%)
NCPL 62.62 Increased By ▲ 0.70 (1.13%)
NPL 71.98 Decreased By ▼ -0.20 (-0.28%)
OGDC 319.19 Increased By ▲ 0.70 (0.22%)
PACE 11.38 Increased By ▲ 0.32 (2.89%)
PAEL 43.88 Decreased By ▼ -0.50 (-1.13%)
PIBTL 16.84 Decreased By ▼ -0.06 (-0.36%)
PPL 221.55 Decreased By ▼ -0.93 (-0.42%)
PRL 63.75 Decreased By ▼ -0.06 (-0.09%)
PTC 72.41 Decreased By ▼ -0.75 (-1.03%)
SSGC 27.28 Increased By ▲ 0.03 (0.11%)
TBL 9.86 Decreased By ▼ -0.02 (-0.2%)
TELE 8.62 Decreased By ▼ -0.19 (-2.16%)
TPL 20.68 Increased By ▲ 0.34 (1.67%)
TPLP 14.98 Increased By ▲ 0.01 (0.07%)
TREET 24.10 No Change ▼ 0.00 (0%)
TRG 63.29 Increased By ▲ 0.92 (1.48%)
Print Print edition: 2011-09-12

Cybercrime costs $114 billion a year

Published Updated

Cybercrime claimed 431 million adult victims last year and cost dollars 114 billion, according to a report published on September 7. The Norton Cybercrime Report 2011 said over 74 million people in the United States were cybercrime victims last year, suffering dollars 32 billion in direct financial losses.
Cybercrime cost China around dollars 25 billion, Brazil dollars 15 billion and India dollars four billion in the past 12 months, said the report from computer security firm Symantec, maker of the Norton anti-virus software.
According to the report, more than two-thirds of online adults - 69 percent - have been victims of cybercrime at some point in their lives, resulting in more than one million cybercrime victims a day.
Cybercrime rates were even higher in China and South Africa. Eighty-five percent of Chinese respondents to the Norton survey and 84 percent of South Africans said they have been victims of cybercrime.
The report found a growing threat from cybercrime on mobile phones.
Ten percent of adults online have experienced cybercrime on their mobile phones and the number of reported new mobile operating system vulnerabilities increased from 115 in 2009 to 163 in 2010.
"There is a serious disconnect in how people view the threat of cybercrime," said Adam Palmer, Norton lead cybersecurity advisor. "Cybercrime is much more prevalent than people realise.
"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," Palmer said. For the survey, interviews were conducted with nearly 20,000 people in 24 countries, Symantec said.

Copyright Agence France-Presse, 2011

Comments

Comments are closed for this article.