Latest Information Technology News in Pakistan: -The
cost of cyber crime to the global economy has been estimated at 445 billion
dollars (266 billion pounds) a year.
Cyber
espionage and theft of personal
information, the individual is believed that more than 800 million people
affected in 2013.
Financial
losses from cyber theft could lead to as many as 150,000 Europeans are losing
their jobs, carried out according to a report by the internet security company
McAfee.
Cybercrime
damage trade between the nations, competitiveness, innovation and global
economic growth, and slows down the pace of global innovation.
McAfee
calls on governments to collect gross and systematic efforts and help to
publish data on cybercrime, countries and companies are starting better
decisions about risk and policy.
Studies
estimate that the Internet economy produces annually between $ 2000000000000
and 3000000000000 $, a share of the world economy, which is expected to grow
rapidly. Based on the Center for Strategic and International Studies (CSIS)
analysis, computer crime extracts between 15 percent and 20 percent of the
value of the Internet.
Despite
a company based in London lose $ 1300000000 (800 million pounds) in a malicious
attack in 2012, the majority of cyber-criminals still considerable difficulties
in monetizing their stolen data.
The
total cost of cyber crime to the UK economy alone was 11400000000 dollars in
2013, equivalent to 0.16 percent of GDP. Retailers lost more than 850 million
U.S. dollars in the same period as a result of the penalty free from financial
crime (Latest Information Technology News in Pakistan).
The
figures do not apply as a surprise to security professionals and big companies
are said Mark savings Hutt, EMEA director of security firm Proof point.
He
said the appeal of cybercrime to many criminals because of its relatively low
risk was.
"The
volumes of the attacks take, because it is a profitable business model for
organized crime," he said. "With the Internet crime, there is no
risky escape, because the attack by hundreds or thousands of PCs out in dozens
of countries, so it is almost impossible to track. The Internet makes most
attacks anonymous and untraceable, and that is really attractive for
Cyber-criminals. "
Raj
Samani, EMEA chief technology officer at McAfee, agreed. "It is clear that
cyber crime has a real and negative impact on the world economy in the course
of time has become the cyber crime a growth industry; Yields are high and the
risks are low," he said.
"As
more businesses move online, always connecting more consumers to the Internet,
the opportunities for cyber crime will only grow, so that it is imperative that
countries now work together to proactively address cyber crime."