Cost of Cybercrimes Globally in 2010: Symantec

What’s the annual cost of Global Cybercrimes?

A study by Symantec Corp, the maker of Norton antivirus, estimates the cost of global cybercrimes at $114 billion annually (5,70,000 crore Indian Rupees).

The above estimates covered in the Norton Cybercrime Report 2011 says that 431 million (or 43 crore) adults were victims globally in the past year, with costs of cybercrime surpassing the combined global black market in marijuana, cocaine and heroin.

The report further says that over the past one year, three times more adults have suffered from online crime versus offline crime. But notably, 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.

About the demography (age group) most likely to become OR are a victim of cyber crimes, the study identifies the men in the 18-31 years age group, who access the Internet from their mobile phone. --------

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