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Computerized Investing > Fourth Quarter 2010

Online Crime

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by Wayne A. Thorp, CFA

According to a new study, “The Norton Cybercrime Report: The Human Impact,” about two-thirds of Internet users have been victims of online crime. In the U.S., that number increases to nearly three-quarters of all online users. The U.S. ranked third behind China, Brazil and India (who were tied for second).

The survey highlighted the fact that users’ complacency could be aiding cyber criminals. Among the respondents, nearly 80% felt that cyber criminals would be caught. As a result, less than half of those surveyed that had fallen victim to a cyber crime actually reported it to authorities. Failing to report such crimes, however, allows cyber criminals to avoid detection and to victimize other online users.

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