Norton Study Calculates Cost of Global Cybercrime: $114 Billion Annually
Sept. 7, 2011 – Symantec Corp. (Nasdaq: SYMC) For the first time a Norton study calculates the cost of global cybercrime: $114 billion annually1. Based on the value victims surveyed placed on time lost due to their cybercrime experiences, an additional $274 billion was lost2. With 431 million adult victims globally in the past year and at an annual price of $388 billion globally based on financial losses and time lost, cybercrime costs the world significantly more than the global black market in marijuana, cocaine and heroin combined ($288 billion).