The Price of Software Piracy

As part of its Play It Safe Day campaign, Microsoft has released a new joint study conducted by IDC and the National University of Singapore, which revealed that enterprises worldwide are expected to spend nearly US$500 billion (S$635 billion) in 2014 to deal with issues caused by malware deliberately loaded onto pirated software — US$127 billion dealing with security issues and US$364 billion dealing with data breaches. Global consumers, on the other hand, are expected to spend US$25 billion and waste 1.2 billion hours this year because of security threats and costly computer fixes stemming from malware on pirated software.

Globally, the greatest fears from infected software by consumers are the loss of data, files or personal information (60 percent), unauthorized Internet transactions (51 percent) and hijacking of email, social networking and bank accounts (50 percent).

This was consistent with the results amongst Singapore consumers surveyed who displayed an even greater concern in these areas. For local consumers, the greatest fears from infected sofeware are loss of data, files or personal information (65 percent), followed by unauthorized Internet transactions (64 percent) and hijacking of email, social networking and bank accounts (61 percent).

PriceofPiracy

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  1. […] Leveraging the rising concerns of consumers around Cyber Security (a recent APAC IDC and National University of Singapore Study reveals 70% of APAC consumers are concerned about online threats. Study available here). […]

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