Tag archive: cybercrime

Symantec has released its Norton CyberCrime Report for 2011, and if you thought business was good for smartphone and mobile device makers…well, business appears to be good for cybercriminals too. According to Symantec, some 431 million adults worldwide were victims of cybercrime in the last year, with the total cost of those crimes amounting to some $114 billion. And when Symantec figures in the value of the time victims lost to that… Read More

In a yearly study conducted by the Ponemon Institute and funded by Hewlett-Packard, the median cost of dealing with prevention and the repercussions of cybercrime rose from $3.8 million a year in 2010 to $5.9 million a year in 2011. Over the 50 companies in the study, the range of costs varied from $1.5 million to $36.5 million per organization. Over the four-week period of the study, all the organizations put up with 72 successful attacks a… Read More

The Manhattan District Attorney has announced indictments against 27 people connected with a cybercrime gang dubbed “S3,” who have used compromised bank accounts to purchase Apple products from around the United States, transport them back to New York, and sell them for profit. The charges cover 57 counts in what the district attorney is classing two separate conspiracies: 48 counts in the first that ran from June 2008 through… Read More

You might have better luck parking your brand new Honda Civic in Seattle and actually finding it when you come back than in Newark, New Jersey, or better luck walking to the corner store without getting stabbed than in Detroit, but when it comes to cybercrime, the Emerald City is apparently as bad as it gets. On Monday, Symantec  published a list of the top 10 riskiest cities for cybercrime, with Seattle coming in first, followed by Boston,… Read More

It was a dream team, a panel of real experts discussing the rapidly escalating threat of cybercrime. Imagine Microsoft's chief research officer, Craig Mundie, along with Mozilla chairwoman Mitchell Baker, McAfee chief executive Dave Dewalt, Harvard law professor and Internet expert Jonathan Zittrain, as well Andre Kudelski of the digital security Kudelski group, and Tom Ilube, head of web protection company Garlik. These are people… Read More