The Cost of Cybercrime: 1.5 Million Victims Every Day

Make no mistake, Cybercrime is real and its impact is huge. Indeed, a recent Norton Cybercrime report by Symantec provides some fairly startling statistics.

For example, there are 1.5 million Cybercrime victims on a daily basis – that is 18 victims per second. There are 556 million such victims per year – in excess of the European Union total population.

Two-thirds of online adults already have been Cybercrime victims at some point in their lives, and 46% of online adults have been victims within the past year.

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Spam Email Costs Billions But Yields Far Less

Most of us hate unsolicited commercial email – aka spam. Notwithstanding spam filters and federal and state laws prohibiting spam under various circumstances, we nonetheless continue to receive these annoying emails in our in boxes.

One might think that the spammers are making fortunes as part of their predatory practices.

But a recent study indicates that while the societal cost of spam is phenomenally high, to the tune of $20 billion, the revenue derived from spam is a fraction of that, only $200 million.

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Prince Harry Learns A Las Vegas Lesson

Dude, where are my clothes? Those might have been the words of Prince Harry when he learned that photos of him naked, but covering his royal private parts, had gone viral worldwide.

How did this happen? Apparently, his royal nakedness was partying in Las Vegas when someone snapped cellphone shots of him in the aftermath of a strip billiards game that then ended up on TMZ.com.

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The London Olympics: A High-Tech Success

The London 2012 Olympics games were successful, and indeed spectacular, on many levels.

Of course, there were incredible performances by phenomenal athletes, including veterans like Michael Phelps and Usain Bolt, as well as new breakout stars such as Missy Franklin and Gabby Douglas.

Great Britain also served up wonderful musical acts for entertainment purposes. Not only were we regaled by Paul McCartney, Annie Lennox, George Michael, and bits and pieces from Queen and Pink Floyd, but we also witnessed the reunion of the Spice Girls (oh my).

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Social Networking Can Bring Big Profits To Businesses

Some people wonder whether social networking is a passing fad that will diminish in importance and attention over time. However, a recent social networking study by the McKinsey Global Institute concludes that more than $1 trillion can be realized annually by the value chain of social technologies. When used across enterprises, these technologies have the potential to raise the productivity of high-skilled workers as much as 25%.

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Russian Internet Bills Revive Soviet-Era Censorship Concerns

People tend to think that anything goes on the Internet. But is that true everywhere? Perhaps not. Indeed, according to a recent New York Times article, a series of controversial Russian Internet bills, approved last week by Parliament, seeks to strengthen the government’s Internet controls.

The Russian Parliament’s approval of the bills reportedly follows the Russian government’s imposition of fines relating to unsanctioned protests and the reinstitution of criminal charges for slander.

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Twitter Transparency Reveals Government’s Social Media Demands

Is the information you post via social media of potential governmental interest? Probably not, but still, it’s possible.

To bring home the point, Twitter just issued its first Transparency Report. That report details the number of government demands it has received for user information in the first six months of 2012.

What do the numbers reveal?

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Lawyers Must Do More To Protect Cybersecurity

Lawyers should know how to protect information belonging to their firms and their clients, right? Well, perhaps they can do a better job, according to The Wall Street Journal. Indeed, it’s now more important than ever for lawyers’ cybersecurity skills to get up to speed.

According to the article, hackers intent on insider trading may target attorneys who handle merger and acquisition transactions. They could put links in text messages that, when clicked on smartphones, activate malware that could log keystrokes and record phone conversations.

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Blog Food Fight Leaves Egg On School’s Face

The Internet yields all sorts of disputes. Take the nine-year-old Scottish girl who was banned from posting photographs of school meals on her blog, which caused a firestorm of criticism.

Martha Payne, who by now has had in excess of three million hits on her blog at NeverSeconds.blogspot.com, started posting photos of her Scottish primary school lunches at the end of April. BBC News report that her “food-o-meter” rated each meal in terms of healthiness and how many mouthfuls it takes to consume the meal.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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