Skip to comments.Cybercrime On The US Government Made Internet Is $338B Per Year, Greater Than Drug Trade
Posted on 08/01/2012 1:31:46 AM PDT by ExxonPatrolUs
Norton reports that cybercrime is costing the global economy $338 billion a year, overtaking a still a lucrative trade in the underground drugs market.
For every second that goes by, 19 people worldwide fall victim to some form of online crime, most commonly social network hacking and credit card fraud.
The report suggests that more than 69 percent, at two-thirds of online adults, have fallen victim to cybecrime; a figure that is still on the rise.
Symantec, the anti-virus maker who issued the report, noted that it takes U.S. authorities nearly twice as long to resolve cybercrime than its British counterparts.
89 percent of respondents to the research say that "more needs to be done to bring cyber-criminals to justice". But from a criminological point of view, the justice system barely gets a foot in the door.
Law enforcement across sovereign boundaries is hampering the efforts in bringing those to appear before the courts.
And, with more devices rolling off the manufacturing line into the shops, there is a far greater scope and points of penetration than before. Along with the still developing NFC technology to allow cashless payments under a certain limit, mobile devices are increasingly becoming our mobile wallets, for applications and games, music and video content.
How are they even calculating such a vast figure? Sounds like bogus numbers made up to advance the cause of regulating the internet.
No, they’re still in the “If it moves, tax it” phase. Next will be the regulations, then subsidies.
Number 1, you are supposed to use the article title. You didn’t!
Number 2, your made up title is a mockery of the English language & makes NO SENSE!
I don’t think it’s purpose is to regulate. I believe the authority in the article sells security software.
But I do believe cybercrime is huge.
Da govmint taght me engrish so I cud built thes sentenseses. I dud nut built et un me own. Eat more Chiken Freakers!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.