- CyberCrime Center
May 6, 2014
Microsoft’s “Play It Safe” campaign promotes awareness of the connection between malware and piracy.
In conjunction with Microsoft’s campaign, a study by the International Data Corporation and the National University of Singapore was released titled “The Link Between Pirated Software and Cybersecurity Breaches.” The study surveyed 1,700 consumers, IT workers, chief information officers, and government officials in Brazil, China, France, Germany, India, Indonesia, Japan, Mexico, Poland, Russia, Singapore, Ukraine, the UK, and the United States, and analyzed 203 computers acquired in Brazil, China, India, Indonesia, Mexico, Russia, South Korea, Thailand, Turkey, Ukraine, and the USA.
According to the study, enterprises worldwide are expected to spend almost $500 billion this year to deal with problems caused by malware deliberately loaded onto pirated software. Broken down that’s $127 billion for security issues and $364 billion dealing with data breaches.
Consumers will spend $25 billion and waste in the neighborhood of 1.2 billion hours because of security threats and computer fixes stemming from malware on pirated software.
Additionally, governments could lose more than $50 billion dealing with costs associated with malware on pirated software.
Microsoft’s Naim Yazbeck observes that cybercriminals “are profiting from any security lapse they can find, with financially devastating results for everyone.”
The survey revealed a number of fascinating facts:
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Posted by Dan Rampe
Tags: Account Takeover, Account Takeover Fraud, Bank Fraud, Botnets, Building Trust on the Internet, CNP fraud, Context-Based Authentication, Cookieless Device Identification, Cookies, Credit Card Fraud, Cyber attacks, Data Breach, Device Detection, Device Fingerprint, Device Fingerprinting, Device ID, Device Identification, Fraud Prevention, Hacking, Identity Spoofing, Identity theft, Malware, Malware Detection, Malware Protection, Man-in-the-Browser Detection, MitB, Mobile fraud, Online Fraud, Phishing, Phishing Detection, PII, ThreatMetrix, ThreatMetrix Cybercrime Index, ThreatMetrix Global Trust Intelligence Network, ThreatMetrix Web Fraud Map, Trust Tags, TrustDefender Cybercrime Protection Platform, Web Fraud