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Peru could lose US$29.3mn in December alone due to software piracy, government news agency Andina reported, citing estimates by the Business Software Alliance (BSA).
According to the BSA, pirated software purchases peak during the Christmas season, as they are seen as saving costs.
"The purchase of pirated products during the Christmas season has increased, since technology is a very common gift. However, technological risks associated with pirated software use are very high," BSA's representative in Peru, Piero Calderón, was quoted as saying.
According to figures from consultancy IDC, software piracy in Peru reached 68% in 2010, equivalent to US$176mn in losses and surpassing Latin America's average rate of 64%.