(LiveHacking.Com) – The new Norton Cybercrime Report has put the cost of cyber crime to the world’s economy at $388bn annually, a figure that is greater than the combined global market for marijuana, cocaine and heroin ($288bn). Another startling statistic is that cybercrime costs are more than 100 times the annual expenditure of UNICEF ($3.65 billion).
The report, which was compiled using data from 24 countries, says that 431m adults experienced cybercrime in the last year. That is more than a million victims every day or 14 adults every second.
In terms of viruses and malware, the report notes that:
- 4 in 10 adults surveyed do not have an up-to-date security software suite to protect their personal information online
- 54% of online adults have experienced viruses or malware on their computers
- 6 in 10 users of free AV software reported viruses and malware attacks