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Small Costs Add Up
A new 2010 cybercrime report released by Symantec Wednesday states that computer viruses and malware attacks are currently the most prevalent types of cybercrime, with 51 percent of adults globally having already experienced their adverse effects. Nevertheless, only 50 percent of survey respondents said they would change the way they behave online if they ever became victims.
Though it costs $334 on average for consumers to resolve a cybercrime issue, Norton's lead Cyber Security Advisor Adam Palmer noted that the true cost is not limited to what the victims are forced to spend. "We all pay for cybercrime -- either directly or through pass-along costs from our financial institutions," Palmer said.
Though cybercriminals typically only steal small amounts of money in order to remain undetected, Palmer observed that all of these small thefts add up. "If you fail to report a loss, you may actually be helping the criminal stay under the radar," Palmer said.
However, nearly 80 percent of the survey's respondents said they believe it is not possible to bring cybercriminals to justice. "Many criminals reside in a foreign country so it's no surprise that people regard them as 'faceless' -- they physically are," Palmer explained. "And because international cybercrime is hard to uncover and prosecute people genuinely aren't seeing justice being done."