CSO: Vendor Cybercrime Report In The Hot Seat Again

Posted by Jill Newbury    Sep 7, 2012 11:56:00 AM

Symantec's Norton group released a new cybercrime study this week that found the average cost of online crime per victim declined during the past year. However, while down, at $110 billion a year that's still a very big global business.

The credibility of studies commissioned by security vendors has been strained of late. While nobody disputes that the cost of cybercrime is well into the billions, a number of critics have charged that such surveys inflate the numbers to scare more people into buying security software.


Neal Creighton, CEO of CounterTack, adds that consumers should "only submit personal information on a secure site where the padlock tells them they are secure. For more assurance, look for the green bar in the address window and the padlock -- that tells you that you are on a highly authenticated site."

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