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Businesses

Norton '12 Cybercrime Numbers Lower Than Last Year's — But Just As Bad 46

Curseyoukhan writes "Norton released its annual cybercrime report on Wednesday, and the company put the 'direct costs associated with global consumer cybercrime at US $110 billion over the past twelve months.' Last year's report put the total 'at an annual price of $388 billion globally based on financial losses and time lost.' That's more than the estimated value of the global black market in marijuana, cocaine and heroin combined ($288 billion), the report said. But Norton makes no mention of the vast difference in 2011 and 2012 numbers. That's because last year's number was entirely fictitious." Something tells me that the scare-monger number-wavers aren't as embarrassed by this sort of logical deconstruction as they should be.

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