Security Magazine logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Security Magazine logo
  • NEWS
    • Security Newswire
    • Technologies & Solutions
  • MANAGEMENT
    • Leadership Management
    • Enterprise Services
    • Security Education & Training
    • Logical Security
    • Security & Business Resilience
    • Profiles in Excellence
  • PHYSICAL
    • Access Management
    • Fire & Life Safety
    • Identity Management
    • Physical Security
    • Video Surveillance
    • Case Studies (Physical)
  • CYBER
    • Cybersecurity News
    • More
  • BLOG
  • COLUMNS
    • Career Intelligence
    • Cyber Tactics
    • Cybersecurity Education & Training
    • Leadership & Management
    • Security Talk
  • EXCLUSIVES
    • Annual Guarding Report
    • Most Influential People in Security
    • The Security Benchmark Report
    • Top Guard and Security Officer Companies
    • Top Cybersecurity Leaders
    • Women in Security
  • SECTORS
    • Arenas / Stadiums / Leagues / Entertainment
    • Banking/Finance/Insurance
    • Construction, Real Estate, Property Management
    • Education: K-12
    • Education: University
    • Government: Federal, State and Local
    • Hospitality & Casinos
    • Hospitals & Medical Centers
    • Infrastructure:Electric,Gas & Water
    • Ports: Sea, Land, & Air
    • Retail/Restaurants/Convenience
    • Transportation/Logistics/Supply Chain/Distribution/ Warehousing
  • EVENTS
    • Industry Events
    • Webinars
    • Solutions by Sector
    • Security 500 Conference
  • MEDIA
    • Interactive Spotlight
    • Photo Galleries
    • Podcasts
    • Polls
    • Videos
      • Cybersecurity & Geopolitical Discussion
      • Ask Me Anything (AMA) Series
  • MORE
    • Call for Entries
    • Classifieds & Job Listings
    • Continuing Education
    • Newsletter
    • Sponsor Insights
    • Store
    • White Papers
  • EMAG
    • eMagazine
    • This Month's Content
    • Advertise
  • SIGN UP!
Security Newswire

Cyber Security -- Hacking

Norton: Cybercrime Cost $110 Billion Last Year

September 5, 2012

Globally, $110 billion was lost to cybercrime attacks, including malware and phishing, according to this year’s Norton Cybercrime Report.

According to an article from Zero Day Net, this year’s release comprises more than 13,000 participants aged 18-64 across 24 countries, and it states that U.S. consumers alone lost $20.7 billion last year.

An estimated 71 million people in the U.S. became cybercrime victims last year, and 1.5 million people are impacted every day across the world – which is almost 18 people per second, the report says. The highest numbers of cybercrime victims were found in Russia (92 percent), China (84 percent) and South Africa (80 percent).

Globally, the report says, each victim accounts for an average of $197 in financial loss, but in the U.S., this increased to $290, according to the article.

An estimated 556 million adults across the world have first-hand experience of cybercrime, which equates to nearly half of all adults online (46 percent), which marks a slight increase from 2011’s figure of 45 percent, the article says.

Cybercrime trends are also growing in social networks and mobile technology – 21 percent have fallen prey to social or mobile crime. Specifically in social networking, the Norton report found that 15 percent of users have had their account infiltrated, and 1 in 10 have been victims of fake links or scams, the article reports.

Seventy-five percent of participants believed that cybercriminals were gearing more to social networks, but only 44 percent use security software to help protect against these threats. Only 49 percent, the article says, use privacy settings effectively to control the information they do share.

In addition:

  • 40 percent do not use complex passwords
  • More than a third of respondents aren’t concerned about typing sensitive information into an unsecure site
  • 44 percent use unsecure, public Wi-Fi to access email
  • 40 percent do not recognize how malware has evolved to subtly compromise a system, placing personal and corporate information at risk
  • 55 percent are unsure if their systems are currently clean

When using public connections:

  • 67 percent access email
  • 63 percent use social networking
  • 24 percent access their bank accounts

Email accounts are often a target for cybercriminals to try and access personal and corporate information, the study found. 27 percent of adults have been notified to change their email due to an account being compromised, and when 42 percent of respondents store work-related correspondence and documents on these accounts, businesses need to be aware that this is a security risk, the article says.

Victims of these attacks are more likely to be Millennials (75 percent) in comparison to Baby Boomers (56 percent), potentially due to their more frequent use of online services, the article says. 

KEYWORDS: cyber security cyber threats cybercrime hacking Security News

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • Iintegration and use of emerging tools

    Future Proof Your Security Career with AI Skills

    AI’s evolution demands security leaders master...
    Security Education & Training
    By: Jerry J. Brennan and Joanne R. Pollock
  • The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report surveys enterprise...
    The Security Benchmark Report
    By: Rachelle Blair-Frasier
  • The Most Influential People in Security 2025

    Security’s Most Influential People in Security 2025

    Security Magazine’s 2025 Most Influential People in...
    Most Influential People in Security
    By: Security Staff
Manage My Account
  • Security Newsletter
  • eMagazine Subscriptions
  • Manage My Preferences
  • Online Registration
  • Mobile App
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Security audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of Security or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • critical event management
    Sponsored byEverbridge

    Why a Unified View Across IT, Continuity, and Security Makes or Breaks Crisis Response

  • Charlotte Star Room
    Sponsored byAMAROK

    In an Uncertain Economy, Security Is a Necessity - Not an Afterthought

  • Sureview screen
    Sponsored bySureView Systems

    The Evolution of Automation in the Command Center

Popular Stories

Digital, tablet and hands

The 2025 Annual Guarding Report: Unrest Inspires Upgrades in Training, Technology

Red laptop

Security Leaders Discuss SitusAMC Cyberattack

Cybersecurity predictions of 2026

5 Cybersecurity Predictions for 2026

Water faucet and cup

High Water Mark: CISA Shares Foundations for Effective Cybersecurity and Risk Management

Code

Security Leaders Discuss the Marquis Data Breach

Top Cybersecurity Leaders

Events

September 18, 2025

Security Under Fire: Insights on Active Shooter Preparedness and Recovery

ON DEMAND: In today’s complex threat environment, active shooter incidents demand swift, coordinated and well-informed responses.

January 14, 2026

Is Your Organization Prepared to Navigate Interconnected Threats in 2026?

The 2026 threat environment will be louder, faster, and more interconnected. The most pressing risks, from global political volatility to emerging tech disruptions, will challenge organizations to act amid ambiguity and protect credibility in an era of accelerating uncertainty.

View All Submit An Event

Products

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

See More Products

Related Articles

  • cyber7-900px.jpg

    Cybercrime Cost $600 Billion and Targets Banks First

    See More
  • Winter Snowstorm

    $14 Billion in Weather and Climate Disasters for US Last Year

    See More
  • Healthcare Data Compliance: Maintaining Integrity, Privacy and Security

    Healthcare Data Breaches Will Cost $4 Billion by Year's End

    See More

Related Products

See More Products
  • 9780367339456.jpg.jpg.jpg

    Cyber Strategy: Risk-Driven Security and Resiliency

  • Risk Analysis and the Security Survey, 4th Edition

See More Products
×

Sign-up to receive top management & result-driven techniques in the industry.

Join over 20,000+ industry leaders who receive our premium content.

SIGN UP TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • Newsletter
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing