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CSO: Vendor Cybercrime Report In The Hot Seat Again

Posted by Jill Newbury    Sep 7, 2012 2:56:00 PM

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.

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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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