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Cybercrime: 113 million Indians lost an average of Rs 16,000

Approximately 113 million Indians have been affected by online fraud in the past year

cybercrime, Norton, Symantec, Norton Cybersecurity Insights Report, Norton cybersecurity, cybersecurity, Indian cybersecurity scenario, TalkTalk hack, Target hack , Ashley Madison hack, hacking, tech news, technology Nearly 25 percent Indians share their email passwords and other social media account details with friends and family

Time to take cybersecurity seriously? One in two Indians have either got affected by credit card fraud or know someone who has been affected.

With Internet connecting more and more devices, the scope of cyber crime is simultaneously growing. According to Norton’s Cybersecurity Insights Reports, 60 per cent of Indians worry about being affected by cybercrime. More importantly, the report notes that 113 million Indians lost an average of Rs 16,000 dealing with the fallout of cybercrime, compared to the global average of Rs 23,878.

Further, one in two Indians have either got affected by credit card fraud or know someone who has been affected. Also, 54 per cent of Indians are worried of losing their credit card information online than from their wallet.

Key insights from the report :

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1. 66 percent Indians consider public Wi-Fi riskier than a public restroom
2. 8 out of 10 Indians believe sharing their email password brings greater risk than sharing a car
3. 51 percent Indians get frustrated by cybercrime and only 41 percent consumers use strong password.

Norton’s report says the biggest impact of cybercrime is on the emotional side with 80 percent Indians feeling devastated and being clueless what action to take post cyber attack.

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“In the past year, 48 per cent of India’s online population or approximately 113 million Indians were affected by online crime. Despite the threat of cybercrime in India, it hasn’t led to widespread adoption of simple protection measures to safeguard information online, with almost one in four Indians sharing passwords as a common practice,” said Ritesh Chopra, Country Manager, India, Norton by Symantec.

cybercrime, Norton, Symantec, Norton Cybersecurity Insights Report, Norton cybersecurity, cybersecurity, Indian cybersecurity scenario, TalkTalk hack, Target hack , Ashley Madison hack, hacking, tech news, technology Norton recommends using strong passwords and changing passwords almost every two months to improve security

Interestingly, Indians rate themselves A when it comes to their online security rating but give their employers A- grade. Indians are very sound about their own protection but are critical of their friends and neighbours. The worrying part of the report is that almost 30 percent of the millennial Indian population share their email ID and password with friends and family.

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In the wake of TalkTalk hack and US based Target’s user data being breached, Norton says consumers understand that it is joint responsibility of both consumers and service providers to better their protection tools. Consumers should change their passwords at least once every two months and use strong passwords with good mix of alphabets, numbers and special characters.

With ransomware and online exploits on the rise, Norton recommends use of good security tools and not responding to emails from unknown contacts or clicking on links in those emails.

First published on: 19-11-2015 at 05:28:27 pm
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