Cybercrime costs $388 billion dollars in annual losses globally
and it affected almost 7 in 10 adults last year. This week
Norton is released the results of the Norton Cybercrime Report
2011, a study on the impact of cybercrime that included a survey
of over 12,000 adults in 24 countries. This provides an
important and accurate picture of the scope of cybercrime
globally and the results are shocking! Every day of the past
year, over 1 million online adults in 24 countries experienced
cybercrime. This can also be broken down to 50,000 victims per
hour, 820 victims per minute, or 14 victims every second. In
just the last 12 months 44% of people have been a victim of
cybercrime while only 15% have been a victim of physical crime
in the same period. I regularly meet with law enforcement who
are fighting cybercrime. The above statistics clearly illustrate
the biggest challenge faced by law enforcement—the enormous
scope of the problem. With so many victims in many different
countries, police can successfully stop