Computer Crime Research Center


Cybercrime and spyware

Date: August 09, 2007

Cybercrime may consist of mostly ones and zeros, but it's costing Americans plenty of dollars and cents.

According to a study by Consumer Reports, damage to computers from spyware and viruses, as well as e-mail scams, costs consumers more than $7 billion in the past two years.

The bulk of the damage, about $5 billion, came from the cost of repairing or replacing computers that were damaged by viruses and spyware.

According to survey projections, computer viruses forced more than 1.8 million consumers to replace their PCs in the past two years, while 850,000 households were forced to replace their PCs because of spyware infections in the past six months.
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