HomeNewsBriefNorton says Cyber Crime Costs Mexico $3B Per Year
BRIEF

Norton says Cyber Crime Costs Mexico $3B Per Year

CYBERCRIME / 10 OCT 2013 BY NATALIE SOUTHWICK EN

A report by the internet security firm Norton estimates cyber crime costs to Mexico are nearly double what they were in 2011, highlighting the country’s status as a regional hub for online crime while the government struggles to keep up with evolving technology.

In its annual survey, Norton says Mexicans surveyed reported cyber crime costs had reached $3 billion, up from $1.8 billion when the same survey was done in 2011.

In contrast, Brazil's costs went from $15 billion to $8 billion in the same time period. 

At least one Mexican official confirmed the trend. Rafael Estrada Michel, director of the National Institute of Penal Sciences, told an international cyber crime conference taking place in Mexico City this week that cyber crimes were now generating more criminal complaints than those associated with piracy or drug trafficking, reported Excelsior.

InSight Crime Analysis

Cyber crime cost a total of $113 billion across the world and affected 378 million people between July 2012 and July 2013, Norton said. Hacking, scams, fraud and theft are the most widespread crimes, the company reported.

Cyber crime offers high profits with low risk, and Latin American organizations have been quick to jump on board. Cyber crime was reported to cost banks in the region $93 billion in annually in 2011 and over half of Latin American companies reported cyber attacks in 2012.

SEE ALSO: Coverage of Cyber Crime

In Mexico, the combination of rampant organized crime and high levels of internet connectivity led the country to quickly become a global hub for cyber crime. The country is reported to rank 8th in the world for cases of identity theft and to be the world’s largest distributor of child pornography. The fact that $3 billion of $110 billion in cyber crime costs globally originated from Mexico in 2012 illustrates the extent of the problem.

While Mexican organized crime is not thought to be directly involved in child pornography, the internet has become a very important tool for gangs, which use social media and Youtube to target kidnap victims, intimidate people, keep tabs on members and promote themselves.

Mexican security officials have pledged to fight cyber crime within their borders. However, cases like a recent security breach credited to hacker group Anonymous have highlighted institutional weaknesses in combating the rapid growth of the activity. A study commissioned by the Organization of American States released earlier this year warned Latin American governments were failing to keep up with criminals' use of technology.

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

Related Content

COVID AND CRIME / 8 FEB 2021

With oxygen in short supply in Mexico amid the COVID-19 pandemic, a black market is expanding -- in another example…

COCAINE / 7 JUN 2022

A Mexican drug trafficking ring with connections to cartels operated marijuana plantations and cocaine processing labs in Spain, displaying how…

GULF CARTEL / 24 NOV 2020

Officials in Mexico City have launched a new program which will seek to impede criminal networks from recruiting minors across…

About InSight Crime

LA ORGANIZACIÓN

Extensive Coverage of our Chronicles of a Cartel Bodyguard

23 SEP 2022

Our recent investigation, A Cartel Bodyguard in Mexico’s 'Hot Land', has received extensive media coverage.

THE ORGANIZATION

InSight Crime, American University Host Illegal Fishing Panel

19 SEP 2022

InSight Crime and the Center for Latin American & Latino Studies (CLALS) at American University discussed the findings of a joint investigation on IUU fishing at a September 9 conference.

THE ORGANIZATION

Impact on the Media Landscape

9 SEP 2022

InSight Crime’s first investigation on the Dominican Republic made an immediate impact on the Dominican media landscape, with major news outlets republishing and reprinting our findings, including in …

THE ORGANIZATION

InSight Crime Sharpens Its Skills

2 SEP 2022

Last week, the InSight Crime team gathered for our annual retreat in Colombia, where we discussed our vision and strategy for the next 12 months.  During the week, we also learned how to…

THE ORGANIZATION

Colombia’s Fragile Path to Peace Begins to Take Shape

26 AUG 2022

InSight Crime is charting the progress of President Gustavo Petro’s agenda as he looks to revolutionize Colombia’s security policy, opening dialogue with guerrillas, reforming the military and police, and…