Franklin, Andrews, Kramer & Edelstein

[scion]

Hackers stole $172 billion from people in 2017

https://www.technologyreview.com/the-download/610043/hackers-stole-172-billion-from-people-in-2017/

As many as 978 million people in 20 countries lost money to cybercrime last year. That's according to a new report by security firm Norton.
https://www.symantec.com/about/newsroom/press-kits/ncsir-2017

The individual impact: Norton says that victims lost an average of $142 to hackers in 2017 and spent almost 24 hours dealing with the fallout of their attack.

How the US was hit: The report claims that 143 million Americans were affected by cybercrime in 2017, losing a total of $19.4 billion.

The big threats: The leading technique used to extort money from consumers was malware—including things like ransomware and cryptojacking. But fraud and password loss were also big hitters.

Why it matters: Norton says that people are overconfident about their own cybersecurity chops. It’s a reminder that we should all be more vigilant online.

https://www.technologyreview.com/the-download/610043/hackers-stole-172-billion-from-people-in-2017/