Cost per victim goes up this year, with cybercriminals starting to focus their efforts on social networks and mobile devices.
The annual Norton Cybercrime Report is one of the world’s largest consumer cybercrime studies, involving 13,000 adults from 24 countries.
The 2012 edition of the study tags the direct costs of global consumer cybercrime at US$110 billion over the past 12 months.
In Singapore, more than 1.4 million people fell victim to cybercrime in the same period, suffering approximately S$1.2 billion in direct financial losses.
This works out to an average of S$812 per victim in Singapore.
The equivalent global average direct cost per victim is only S$244.
Globally, every second, 18 adults become a victim of cybercrime, resulting in more than one-and-a-half million cybercrime victims each day.
Social networks and mobile devices
In Singapore, one in five online adults (20 percent) has been a victim of either social or mobile cybercrime, and 36 percent of social network users have been victims of social cybercrime.
Although most Internet users take basic steps to protect themselves and their personal information – such as deleting suspicious emails and being careful with their personal details online – other core precautions are being ignored.
41 percent don’t use complex passwords or change their passwords frequently, and more than a third (40 percent) do not check for the padlock symbol in the browser before entering sensitive personal information online – such as banking details.
With people sending, receiving, and storing everything from personal photos (54 percent) to work-related correspondence and documents (52 percent), to bank statements (32 percent) and passwords for other online accounts (23 percent) – those email accounts can be a potential gateway for criminals looking for personal and corporate information.
You can pore through the details of the Norton Cybercrime Report globally and by country – here.