According to a recent Symantect report, cyber crime is real and its impact is huge
The report suggests that there are more than 1.5 million cyber crime victims per day, that’s 18 people per second. Two third of online adults claim to have been cyber crime victims at some point in their lives. The annual costs of cyber crime is estimated to be around $110 billion US, $197 US per victim. The cost is highest in China ($46 billion US), USA ($21 billion US) , and Europe ($16 billion US). The greatest number of victims are in Russia (92%)
With WiFi and social networks posing the greatest risks to security, lawyers Jonathan Armstrong and Eric Sinrod from Duane Morris LLP discuss their views in the latest transatlantic podcast.