Social media-enabled cybercrime is generating $3.25 billion a year

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Social media-enabled cybercrime is generating at least $3.25B in global revenue annually, according to an extensive six-month academic study undertaken by Dr. Mike McGuire, Senior Lecturer in Criminology at the University of Surrey.

Key insights

  • One in five organizations have been infected with malware distributed via social media
  • Reports of cybercrime involving social media grew by more than 300-fold between 2015 and 2017 in the US, and social media-enabled crime quadrupled between 2013 and 2018 in the UK
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