Wednesday, September 5, 2012

Cybercrime costs U.S. consumers $20.7 billion


U.S. consumers lost $20.7 billion to cybercrime over the past 12 months, with 71 million Americans falling victim to online bad guys, according to new research.


Globally, losses resulting from cybercrime including malware attacks and phishing hit $110 billion between July 2011 and the end of July 2012, a report by The yearly security company Symantec (.pdf) has found.


(Credit: Norton)


On average, each victim experienced $197 in direct financial loss. In the United States, losses increased to $290.


According to the report, an estimated 556 million adults across the world had first-hand experience of cybercrime over the period -- more than the entire population of the European Union. The figure equates to nearly half of all adults online (46 percent), and is up from 45 percent a year ago.


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