A new study released Tuesday shows cybercrime is a booming business for organized crime groups all over the world. The study, conducted by IDC and the National University of Singapore (NUS), reveals that businesses worldwide will spend nearly $500 billion in 2014 to deal with the problems caused by malware on pirated software. Individual consumers, meanwhile, are expected to spend $25 billion and waste 1.2 billion hours this year because of security threats and costly computer fixes. Forensic analysis has uncovered that of 203 computers purchased in 11 countries as “new” (but actually loaded with pirated software), 61 percent were infected with dangerous malware. Most of the infected computers had more than one malware threat on them, and any one threat could infect multiple files. Sixty percent of consumers surveyed say their greatest fear from infected software is the loss of data, files or personal information, followed by unauthorized Internet transactions (51 ...

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