2013 Norton Report: Cost for each cybercrime victim up 75%

The Singapore findings from the 2013 Norton Report shows that while the number of online adults who have experienced cybercrime has decreased (from 48 percent in 2012 to 37 percent in 2013), the average cost per victim has risen by 75 percent (S$1,448 in 2013, up from S$826 in 2012).

Click the image to view/download the detailed summary of the main findings of the 2013 Norton Report.

Click the image to view/download the detailed summary of the main findings of the 2013 Norton Report.

This year’s report reveals that as consumers become more mobile and connected, these conveniences often come at a cost to them and their security.

“Today’s cybercriminals are using more sophisticated attacks, such as ransomware and spear-phishing, which yield them more money per attack than ever before,” said Philip Routley, Symantec’s Product Marketing Manager for Consumer & Small Business.

Despite the fact that 79 percent of those surveyed own smartphones and 40 percent own tablets, two-in-five don’t take basic precautions such as using passwords, having security software or backing up files on their mobile device.

The 2013 Norton Report also finds that many consumers are engaging in risky behavior that has them playing a game of chance with their private information, putting them at risk of becoming the next victim of online criminals.

“With 59% of consumers using their personal mobile device for both work and play, this creates entirely new security risks for enterprises as cybercriminals have the potential to access even more valuable information,” Routley elaborated.

Survey results show that this isn’t entirely due to lack of awareness.

In fact, two-fifths (44 percent) of consumers surveyed admitted that the convenience of being constantly connected outweighed any potential security risks.

Even when 67 percent said that there is no such thing as “online privacy” in today’s world and 64 percent assume that “everything they put online will and can be seen by any and everyone.”

2013 Norton Report (4 July – 1 August, 2013)

This year, the annual survey commissioned by Norton has been renamed from “Norton Cybercrime Report” to “Norton Report”.

“Unfortunately while consumers are protecting their computers, there is a general lack of awareness to safeguard their smartphones and tablets. It’s as if they have alarm systems for their homes, but they’re leaving their cars unlocked with the windows wide open. This carelessness places them, and their digital identities, at risk,” Routley observed.

Edelman Berland conducted online interviews with 13,022 adults, aged 18 to 64 from 24 countries.

These countries include Australia, Brazil, Canada, China, Colombia, Denmark, France, Germany, India, Italy, Japan, Mexico, Netherlands, New Zealand, Poland, Russia, Saudi Arabia, Singapore, South Africa, Sweden, Turkey, United Arab Emirates, United Kingdom, United States of America.

The margin of error for the total sample of adults (n=13,022) is 0.9% at the 95% level of confidence.

1000 adult respondents each were interviewed in USA and India, while 500 were surveyed in other countries. The global data has been weighted to ensure all countries have equal representation of 500 adults.

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