Cybercrime Losses More Than Drug Profits Says Symantec

By Robert Vamosi | 9/8/11 6:39 AM

Update: 08/02/12 The $388 billion cited Symantec has been discredited. According to ProPublica, “The report was not actually researched by Norton employees; it was outsourced to a market research firm, StrategyOne, which is owned by the public relations giant Edelman.”

In his classic 1984 novel Neuromancer and other early works, William Gibson used an analogy to the drug cartels to describe the organizational structure of "data cowboys" "rustling data" on the yet-to-be-invented "cyberspace." More than a quarter century later, one security vendor thinks Gibson might have gotten the parallel right.

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