Increasing Cybercrime: $110 Billion Loss Last Year
Increasing Cybercrime: $110 Billion Loss Last Year

Recently, the annually Norton Cybercrime report was produced in which it was clearly mentioned that to what extent, cybercrime is affecting consumers on daily basis. Apart from this, it also analyzed that in what ways, the superior technology including mobile and cloud computing plays a vital role in terms of security.

However, the present mobile technology and bring your own device (BYOD) schemes are very much capable of intimating themselves into the corporate sphere while combining the personal and professional communication, but even then businesses need to be much more cautious to protect them.

During this year's report, around 13,000 participants from 24 countries were surveyed. All of them were between the age group of 18 to 64.

According to the report, last year, U. S. consumers lost around $20.7 billion because of cybercrime. These included all kinds of attacks, malware and phishing.

When reviewed globally, this loss rate rose to $110 billion and that too in regard to the financial losses that were noted directly.

The report also estimated to have 71 million people alone in the United States, becoming victims of cybercrime last year.

On average, everyday around 1.5 million people are impacted due to this crime all over the world. This means that every second, it hits 18 people.

Russia with 92%, China with 84% and South Africa with 80%; were the countries reported to have the highest number of cybercrime victims last year.

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