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Cyber Security

Cybercrime Profits Approaching Those Of The Drug Trade?

The yearly cost of cybercrime may have surpassed that brought in by the illegal trades in marijuana, cocaine and heroin combined, according to a new survey conducted by security firm Symantec. Annual losses resulting from cybercrime are valued at $388 billion, when accounting for both direct cash losses ($114 billion) and the value of time lost responding to attacks ($274 billion) By contrast, illicit sales of marijuana, heroin and cocaine industry are an estimated $288 billion industry, with the drug trade, in its entirety, worth roughly $411 billion.

Source: https://threatpost.com/cybercrime-profits-approaching-those-drug-trade-090711/75625/

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