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Hackers Stole $172 Billion From People Last Year (symantec.com)
Yearly report published by security firm Norton estimates that as many as 978 million people in 20 countries lost money to cybercrime last year. On an average, the firm says, victims lost an average of $142 and spent nearly 24 hours dealing with the fallout of their attack.
Very detailed article. I'm impressed.
Although I do wonder, how much did they get away with and keep as opposed to get caught and got to jail?
A 'singular oddity' is an event that cannot be explained and only happens when you are alone.
172 billion? That's all??
Or corporations? Or are corporations people?
It's pretty much a victimless crime, though. They can just write it off.
978M people at average $142 equals $139B
And they should pay for it.
Interesting data, interesting read. I do tend to read reports about security from companies trying to sell me security products with a bit of doubt though. Is it really good for business if Symantec puts out a report that shows anything but increasing security issues and data to help sell their products? One data point that's interesting is - "Having a device infected by a virus or other security threat (53%)". That number to me just shows how some people only believe they have a security issue when they see something actually happening to their devices. Judging from the amount of Apple, Microsoft and Google updates for security I would think that almost 100% of people had a device that would fall into the "other security threat" category.
Sent from my TARDIS
Bones that see a word.
Bones that don't.
Your eye's the one that sees the word.
Your butt's the one that don't.
I would be really amazed if 1 B people ACTUALLY lost $142 in a year, it's like 30 M average Americans losing $1500 each. There is ransomware and credit card theft, but former is still rare (1 % of net users is likely high ballpark) and latter covered by credit card companies.
If corporate cybercrime is counted, sure, but the $172 B figure sounds like those sums that people calculate are lost standing in red lights. Kinda money... but actually really not.
Of course, didn't yet RTFA, checking that out next!
http://codeandlife.com
Nearly one in four believe stealing information online is not as bad as stealing property in ‘real life’
That depends entirely on what you mean by "information".
Believing that Disney et al 's hijacking of copyright to totally pervert the system from what the founders intended is a travesty that deserves civil disobedience is not a "contradictory belief" to also believing you shouldn't steal your neighbor's stuff.
You can go to prison for copying Steamboat Willie 90 years after it was published.
So if 51% of the world has no internet access that would mean 978/3500 ~= 25% or 1 in 4 people got done, which seems incredibly high, i smell stats gouging.
A lot of cybercrime is due to exploiting vulnerabilities in software. I find it amazing how buggy software really is, and that definitely contributes to the staggering amounts of cybercrime. It's frequently the result of poorly written software and poorly designed hardware. Every few days, I get notifications in Ubuntu that I need to install a new version of the Linux kernel because it's a security update, then I have to reboot my system. It's open source software, with supposedly large numbers of people contributing and reviewing the code. With all the people supposedly working on the Linux kernel, you'd think the developers would produce better code, and it wouldn't be necessary to constantly issue bug fixes for security holes. I'm just surprised and disappointed that Linux developers aren't writing better code that isn't full of bugs, which require updates every few days.
The numbers in the summary don't add up to $172 Billion, when I multiply 978 million victims times average estimated loss of $142 I come up with $138,876,000,000 - a lot of money, but not $172 Billion.
Ken
Corporations are "persons". And no, "just writing it off" just means the damage gets spead out, like across all the taxpayers.
That doesn't mean this is a useful report and not a breathless piece of clickbaiting crap that this batch of editors just love to death. I'm amazed they linked it directly and not via some breathless nitwit cyber-scare copy-paste site like bleepingcomputer. It matters about as much as the entire security industry does: You get less than a cent of worth on the dollar of expense. Needlessly so. Way less.
It's a really confusing article, where the numbers are handpicked to make it look like a serious problem. It's not at all clear what the losses were for (considering that the most prevalent 'crime' was virus infection, I imagine that most of the money went to PC/phone repair people), it's not at all clear how individuals in each country were affected (except for the time spent dealing with the aftermath), and the graph '53% of consumers experienced cybercrime...' is deliberately misleading by doubling each row by sticking the sum to the right of the first two bars.
In short, complete and utter FUD.
We live in a very fake news era, and this type of fake news (fearmongering) favours Synmatec garbage Norton antivirus a lot.
Give us the links and sources to check this $172 billion garbage.
...on hitmen and Predator drones to take out hackers would be a good investment.
See subject & APK Hosts File Engine 10++ SR-1 32/64-bit https://www.google.com/search?hl=en&source=hp&biw=&bih=&q=%22APK+Hosts+File+Engine%22+and+%22start64%22&btnG=Google+Search&gbv=1/ for blocking bad domains/subdomains malware makers + botnet herders etc. use & IF they wouldn't permit hosting providers to allow UNLIMITED subdomains beneath a single CHEAP domain you'd have a hell of a lot less of the type of crime the article alludes to happening (as cost becomes a factor for the malware maker prohibiting the creation of endless domains full of malicious content).
APK
P.S.=> I wasn't AWARE of cases w/ $1 per domain w/ unlimited subdomains as last time I looked for pricing on them was 14++ yrs. ago & it changed from what I remember (not as easy for a malwaremaker/botnet herder though to manage OR store either (bright side of 'more' on their end) per https://yro.slashdot.org/comments.pl?sid=11532533&cid=55833641/ ))... apk
Banks have stolen a lot more money from a lot more people than hackers have. Only politicians have stolen more. Eat the rich.
Ukraine's GDP is about $108B, which is surprising because you'd think they'd see some of that $172B of hacker funds.
“Common sense is not so common.” — Voltaire
hmmm 172 billion, what to buy ......
Comcast? https://www.google.com/search?...
NSA and CIA wrote most of these hacker tools. Even with the tools leaking, do you actually think any significant amount of this money went to random people getting hold of the tools? It went right back to the people who made the tools for these purposes. It's nothing short of an act of war on the world.