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ExtraTorrent.cc > Articles > Norton Overestimated Cyber Crime Figures

Norton Overestimated Cyber Crime Figures

Norton Overestimated Cyber Crime Figures

Added: Saturday, October 1st, 2011
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
Norton, the consumer division of Symantec, was noticed to overestimate some online security figures. For example, for the last month the net saw the stories that claimed digital crimes costs society $388 billion per year. These figures are tagged onto to stories about cyber crimes.

symantec.png


These figures can be found in a Norton survey report asking around 20,000 people in two dozen countries about their experience with digital crime. The survey asked the respondents to evaluate both direct and indirect losses they think were caused by cyber crime.

Norton concluded that punters lost $114 billion per year, including consumer losses that were reimbursed – the most widespread case of such kind of crime is credit card fraud. However, the company seemed to fudge things a little: for example, it decided that online harassment was also a cyber crime, as well as being approached on the Internet by sexual predators. Moreover, the term “fraud” was defined so widely that it would have covered all credit card fraud, as the word “online” can’t even be found in the definition.

Nevertheless, this wasn’t enough for Norton, who firmly decided to make the statistics appear worse by calculating how much the cyber crime experiences in question were worth including “time lost”. And this last figure alone more than doubled the direct losses, as it was calculated to be $274 billion.

The media couldn’t miss the fact that even with the faulty reasoning something strange is happening with the numbers. Norton took the UN figures for the trade in heroin, cocaine and marijuana, reasoning that it was worth $411 billion a year. Meanwhile, if you add the $114 billion for direct Internet crime losses to the $274 billion for “time lost”, you’ll end up with a figure pretty close to the drug sales! In other words, Norton claimed that online crime is close to all global drug trafficking. The company is therefore boosting figures with “time lost” money, which in reality never existed, thus meaning that cyber crime is as bad as an industry based on real money!

Moreover, the experts found out that Norton made a press release two years ago, claiming that online crime eclipsed the global drug trade, and it seems that this time it reiterates the same, simply trying to back it up with numbers. As for the company itself, Norton explained that discrepancies can be explained by huge amount of unreported crime. At the same time, they insist that the company is confident it provides a valid representation of the current state of consumer online crime.




By:
SaM
October 1st,2011

Posted by: 
SaM

Date:  Saturday, October 1st, 2011



Comments (6) (please add your comment »)

1
posted by ET junkieET loverTurtle (2011-10-01 16:41:24)
fusseltier avatarand i wonder how many of the virus and other threats are created by antivirus companies to get people to buy and renew their software...

2
posted by (2011-10-02 11:04:34)
WCKicksAss avatarNorton is horrible. I hack petty shit, but lets say im making a RAT (remote admin tool) basically where i can remotely see your pc with or without you knowing. I can do anything at anytime. (opening cd drive, turning up speakers, etc), now when i crypt this to hide it from shit anti-virus's Norton is near the bottom of beating. The top antis hackers talk and worry about are non main stream and AVG.

Norton aint shit.

3
posted by Blocked (2011-10-02 17:50:13)
No avataranybody ever considered the possibility that those anti virus programs venders might also be the virus creators who keep churning out virus in order to keep their vending machines always got buyers? me, for one, always got such suspicion.

4
posted by Blocked (2011-10-02 17:57:56)
No avatarWCKicksAss, couldn't agree more, norton is indeed the worst anti virus program ever existed on the planet, period. it's actually the most malicious virus by itself.
i think the best anti virus and virus killing programs are 360safegurad and 360viruskiller, they are both free for downloading. i've tried and used almost every anti virus software, but none of them surpasses the 360sg & 360vk.

5
posted by (2011-10-02 20:35:31)
DEMONLORD avatarnortons is a easy to use program and does a better job then may of the free anti-virus programs that i have seen. yes it cost more. i have no issues with it. most people dont know how to use it correctly i what i see more of

6
posted by (2011-10-03 05:13:47)
AnalLint avatarAll anti-virus software has some "reasons to have anti-virus software" built into it. Norton is a decent anti-virus program, as long as you keep it up to date. And if you remove it, your system mysteriously has a viruses within seconds. I use kaspersky internet security. No problems so far.



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