113 Million Indians Lost Rs 16,558 On An Average To Cyber Crime

An estimated 113 million Indians lost about Rs 16,558 on an average to cyber crime, according to a software security firm Norton’s report .The global average stood at Rs 23,878.

60% of people worry about experiencing cybercrime while only 40% respondents were confident of knowing what to do if they are targeted by any online crime.

Close to eight in 10 respondents said they’d feel devastated if their personal financial information was compromised while 36% feel sad after being affected by online crime, as compared 19% globally.

The report further said that 66% of consumers believe using public Wi-Fi is riskier than using a public restroom. Also, 64% think storing their credit card and banking information in the cloud is riskier than not wearing a seatbelt.

In India, Baby Boomers a group often considered less tech savvy but reported more secure online habits than Millennials.

“Even though Millennials have been immersed in online technology most of their lives, they are more reckless in many ways with only one in four believing they have most responsibility when an online crime occurs,” said Ritesh Chopra, Country Manager, India, Norton by Symantec.

Alarmingly, less than half (41 percent) always use a secure password. Over one in three do not have a password on their smartphone or desktop.

More than one in three share the password to their banking account, and on an average they are sharing passwords for two accounts. 60% share the most common passwords via email while 54 percent  share it via social media.

The study was done across 17 countries, 17,125 device users aged above 18 years and comprised inputs from 1,000 people from India.

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