WASHINGTON, March 2 (UPI)
Cybercrime has spread globally and resembles an industry with double-digit growth over the past year, industry data indicated. Estimates of losses to the U.S. economy and society vary but increasingly sophisticated cybercrime consistently targets the government, corporations and individuals. About 90 percent of U.S. companies that responded to a Computer Security Institute survey said they had detected computer security breaches and 74 percent acknowledged financial losses as a result of the breaches of security. More than 270 U.S. organizations quantified their financial losses for a total of $265 million. Analysts said the actual costs could be much higher. In the United Kingdom, the latest cybercrime cost estimates released by the Cabinet Office showed annual losses of more than $43 billion. Computer media reported that, while a global recession lingers, cybercrime is one industry that has shown double-digit growth for several consecutive years.