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Cybercrime booms in China: PwC

Posted On: Dec. 9, 2015 12:00 AM CST

A survey by U.K.-based PricewaterhouseCoopers L.L.P. has found that cybercrimes in Hong Kong and China increased 517% year on year over the past 12 months, reports Xinhuaā€ˇ.

These cybercrimes caused average financial loss of $2.63 million, up 10% year on year. Intellectual property, internal records and customer data were the main targets of hackers. "We are witnessing attacks from all angles, but the industries facing the most impact include consumer, retail, and technology," a PwC China official said.

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