Cybercrime Cost Canadians $840 million Last Year For the first time a Norton study calculates the cost of global cybercrime: $114 billion annually.
Canada not immune to digital dangers There are close to 20,000 Canadian adults falling victim to cybercrime everyday - that's about 14 every minute.
Most are experiencing computer virus or malware attacks, or responding to online scams. Largely, Canadians are cognizant of online dangers with 77 percent of respondents noting the possibility of cybercrime is something they are always aware of when online. However, some are not taking the necessary precautions with 35 percent of Canadian adults revealing they don't have up-to-date security software.
"Canadians are becoming more aware that cybercrime is real and can affect anyone, but some work needs to be done to further educate them on how to protect themselves," said Lynn Hargrove, Director of Consumer Solutions, Symantec Canada "This survey is important because it shows the costs of cybercrime and people tend to do something to protect themselves when they see it can have a big impact on their bottom line." Male, Millennial, Mobile The study identifies men between 18 and 31 years old who access the Internet from their mobile phone as even more likely victims: in this group four in five (80 percent) have fallen prey to cybercrime in their lifetime. Globally, the most common - and most preventable - type of cybercrime is computer viruses and malware with 54 percent of respondents saying they have experienced it in their lifetime. Viruses are followed by online scams (11 percent) and phishing messages (10 percent). Earlier this year the Symantec Internet Security Threat Report, Volume 16, found more than 286 million unique variations of malicious software ("malware") compared to the 240 million reported in 2009, representing a 19 percent increase.
"Cybercrime is much more prevalent than people realize. Over the past 12 months, three times as many adults surveyed have suffered from online crime versus offline crime, yet less than a third of respondents think they are more likely to become a victim of cybercrime than physical world crime in the next year. And while 89 percent of respondents agree that more needs to be done to bring cybercriminals to justice, fighting cybercrime is a shared responsibility. It requires us all to be more alert and to invest in our online smarts and safety." The disconnect between awareness and action is further illustrated by the fact that while 74 percent of respondents say they are always aware of cybercrime, many are not taking the necessary precautions. Forty-one percent of adults indicated they don't have an up to date security software suite to protect their personal information online. In addition, less than half review credit card statements regularly for fraud (47 percent), and 61 percent don't use complex passwords or change them regularly. Among those who access the Internet via their mobile phone, only 16 percent install the most up to date mobile security.
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