02 October 2012

Cybercrime cost India $8 billion in last 12 months: Norton


NEW DELHI: More than 42 million people in India have fallen prey to cybercrime in the past 12 months, suffering about $ 8 billion in direct financial losses, estimates a report by security solutions firm Norton.
The 'Norton Cybercrime Report 2012' found, based on experiences of more than 13,000 adults across 24 countries (including 1,000 from India), said direct costs associated with global consumer cybercrime are pegged at $ 110 billion over the past twelve months.
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Globally, every second 18 adults become a victim of cybercrime, resulting in more than one-and-a-half million cybercrime victims each day, the report said.
With losses totaling an average of $ 197 per victim across the world in direct financial costs, in the past 12 months, an estimated 556 million adults across the world experienced cybercrime.
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In India, one in three respondents (32 per cent) said they have been a victim of either social or mobile cybercrime in the last 12 months.
About 51 per cent of social network users among the Indian respondents said they have been victims of social cybercrime.
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"Cybercriminals are changing their tactics to target fast growing mobile platforms and social networks where consumers are less aware of security risks," Norton Internet Safety Advocate and Director (Asia) Effendy Ibrahim said.


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