Cyber crimes have cost Indians $4 billion. A Norton study revealed that global cyber crime costs nearly $114 billion, annually.
Cyber crimes have cost Indians $4 billion. A Norton study revealed that global cyber crime costs nearly $114 billion, annually.
In India, it is estimated that more than 29.9 million people fell prey to cyber crimes in the past one year, suffering $4 billion direct financial losses and an additional $3.6 billion in time spent to resolve the crime.
According to the cyber crime report released by Norton, more than two-thirds of adults who spend time online have fallen prey to cyber crimes in their life.
The report states that every second adult has become a victim of cyber crime resulting in more than one million cyber crime victims every day. In India, four out of five adults are victims to cyber crimes.
Cyber crimes cost the world significantly more than the global market in marijuana, cocaine, and heroin combined.
The Symantec Internet Threat Report revealed that globally 10% of adults online and 17% in India have fallen prey to cyber crimes via mobile phones.
Cyber criminals are focusing more on the mobile space. The new mobile operating system vulnerabilities have increased from 115 in 2009 to 163 in 2010. In addition, threats via mobile devices have increased due to social networking.
The study also revealed that men aged between 18 and 31, who access internet via their mobile phone, more often are victims to cyber crimes.
“There is a serious disconnect in how people view cyber crime threats,” said Gaurav Kanwal, country sales manager, India and SAARC, consumer business unit, Symantec.
“Cyber crime is much more prevalent than people realise. Over the past 12 months, three times as many adults surveyed have suffered from online crime versus offline crime, yet less than a third of the respondents think they are more likely to become a victim of cyber crime than offline crime. While 89% of respondents agree that more needs to be done to bring cyber criminals to justice, fighting cyber crime is a shared responsibility. It requires all of us to be more alert and to invest our time online in a safe manner,” he said.
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