Is The Internet Really Safe? McAfee and Symantec Thinks Not

It’s the kind of thing that most internet users don’t want to think about, or just don’t think that could ever happen to them, but the Internet still looks to be a hotbed of security breaches.

Two of the biggest Internet security firms, Symantec and McAfee, have both stated in their annual reports this year that cybercrime and security infringement is growing, and growing fast.

According to the report released by Symantec, which reads as a gargantuan infographic, consumer spending on cybercrime has totaled to be $110 billion, or about $197 per victim. Of these expenditures, 42% accounts for fraud, while the other percentages make up repairs, theft/loss and others.

In what doesn’t seem to be much of a surprise, the nations that have spent most on consumer cybercrime is China and the United States. Both countries individual expenditures are more than all of Europe combined.

All of these facts are according to the Symantec report, which can be read here.

There is one consideration to be made in regards to these reports, and according to Network World, the companies say that they are not peer reviewed. However, a University of Pennsylvania marketing professor named Jonah Berger said that the reports were conducted in the best way possible.

Network World does also point out a quote made by Cormac Herley and Dinei Florencio, who wrote a paper about how security survey tend to have issues with credibility.

Regardless, the way in which people are accessing the internet are definitely changing, and this alone is what is causing the rise in cybercrime according to Symantec.

The primary usage of the internet actually being mobile devices and not laptops account for many of the breaches. According to the report, one of every five person’s mobile devices have been breached in one way or another.

Another big issue facing many users is the wide usage of social media, which looks to be a hub of security problems. The Symantec report said that one in six users of social networks have had their account hacked, where the intruder pretended to be the real person.

This can be seen as a pretty common issue on Facebook, where news feeds get filled with suspicious looking offers and advertisements from common friends.

The reason why social network breaches happen are for a number of reasons, including users not logging out of their session, or not checking the links that they are clicking on.

Not everyone is acting so risky though, and self-defense really looks to be the best way to prevent any breaches from personally happening. A great majority of users choose not to click on any suspicious emails or links, which is where the root of many problems tend to start.

There was no direct solution proposed by the Symantec or McAfee, but a reasonable conclusion that can be made looks to the users.

As long as users are well-educated about the many security risks, which don’t look to be going away anytime soon, the problems can drastically go down.


About the Author: Doug Glaston is a tech writer and blogger. He also writes in entertainment and offerings from Direct TV.

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  1. Aditya says:

    Security has always be the center problem of every online as well as offline system.And now a days social media sites have spread security threats to every user as it asks the users to have access to their information and people with no hesitation allow them the access to the apps without even knowing the consequences of it.
    Aditya recently posted..ERP Software CompaniesMy Profile

  2. Bhushan

    I think security is the main concern specially on internet at this time.Password can be easily hack by visitors if it has not Special character.So i am with that company that we are not very safe here.
    Bhushan recently posted..Travel Web Portal Software Delhi NoidaMy Profile

  3. anshul says:

    security is a main concern in the system mainly we are using the internet on the system.and i am surprised the report hacking and cyber crime which you have defined above i can think it can be a big issue .so we should do any thing in this area.i like your blog .
    anshul recently posted..Online Banking SoftwareMy Profile

  4. Kristine from Geelong Triathlon says:

    I think it would be best to enforce stringent security measures at all times, anyone can be a victim of hacking should we must never let our guard down. Thanks for the reminder.
    Kristine recently posted..Hello world!My Profile

  5. Joy from vintage office supplies says:

    Thanks for raising this very alarming concern, security is of utmost importance to us most especially when our businesses are online-based. I think it’s a must for us to go over the basics of securing our accounts like improving the strength of our passwords.
    Joy recently posted..Flora Letter BoxMy Profile

  6. CBhushan says:

    Security is a main concern in the system mainly we are using the internet on the system and i am surprised the report hacking and cyber crime .now a days socila media sites have spread security .thanks
    CBhushan recently posted..Hi How r uMy Profile

  7. shane says:

    Security is a major issue when it comes to technology. Today we do not use log books anymore, but a computer system. When it comes to websites, business is threatened through cyber crime. The internet is a very dangerous place, not only that Symantec and McAfee think it is, but other companies as well. Thank you for posting this article. This has been very informative.
    shane recently posted..Cirebon FM 89.2 Indonesia Radio OnlineMy Profile

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