Cybercrime Costs $388 Billion Annually, Report Says
SC Magazine reports cybercrime has affected 431 million adults around the world in the past year and cost $388 billion in monetary and time losses, according to the “2011 Norton Cybercrime Report,” released recently by Symantec. The report, based on interviews with nearly 20,000 individuals from 24 countries, found that 14 adults become victims of cybercrime every second, totaling more than one million victims each day. In the United States alone, digital offenses cost victims more than $139 million in cash costs and lost time over the past year.
