Con­sumer cy­ber­crime costs $8 bil­lion in In­dia


More than 42 mil­lion peo­ple in In­dia fell vic­tim to cy­ber­crime in the past 12 months, suf­fer­ing ap­prox­i­mately $8 bil­lion (`40,000 crore) in di­rect fi­nan­cial losses, ac­cord­ing to a new report. Ac­cord­ing to the Nor­ton Cy­ber­crime Report 2012, 66 per cent of In­dian on­line adults have been vic­tims of cy­ber­crime in their life­time. In the past 12 months, 56 per cent of on­line adults in In­dia have ex­pe­ri­enced cy­ber­crime–more than 1,15,000 vic­tims of cy­ber­crimes ev­ery day, 80 vic­tims per minute and more than one per sec­ond–and the av­er­age di­rect fi­nan­cial cost per vic­tim is $192—up 18 per cent over 2011 ($163), ac­cord­ing to the 2012 edi­tion of the Nor­ton Cy­ber­crime Report re­leased re­cently.

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