Press Esc to close
Sunday 29 May 2016
News updated at 6:38 PM IST
Weather
Max: 33.2°C
Min : 22.3°C
In Bengaluru
Partially cloudy

Cyber crime cost Rs 24,630 crore this year

New Delhi, October 22, 2013, DHNs:

Internet frauds have cost India a whopping $4 billion (about Rs 24,630 crore) this year as cyber criminals are using more sophisticated means like ransomware and spear-phishing, said a report by cyber security major Symantec.

According to the 2013 Norton Report, the average cost per cyber crime victim in India is up at $207 during August 2012 to July 2013 from $192 in the year-ago period.

The report reveals that cyber crimes cost India $4 billion in the same period, which is up by 8 per cent from corresponding period the year before.

The report, one of the biggest global studies investigating the impact of cyber crime on consumers, is prepared on the basis of self-reported experiences of more than 13,000 adults across 24 countries, including 1,000 adults in India.

It reveals that India is among the world’s top five countries with the highest number of incidences of cyber crime, like ransomware (11 per cent), identity theft (11 per cent) and phishing (9 per cent). “India appears to be the ransomware capital of Asia Pacific with 11 per cent victims of this form of virtual extortion,” the report said. 

That apart, in last 12 months, 56 per cent of cyber crime victims in India have experienced online bullying, stalking, hate crimes or other forms of harassment, it added. It further revealed that as consumers become more mobile and connected, these conveniences often come at a cost to them and their security. 


Go to Top

Photo Gallery
Students celebrate their success after CBSE announced its 10th class results...

Students celebrate their success after CBSE announced its 10th class results...

A Group of Bengaluru Mothers getting prepared for the Babywearing dance to be held next month...

A Group of Bengaluru Mothers getting prepared for the Babywearing dance to be held next month...

Volunteers clean Tapi river to celebrate the completion of two years of Modi government...

Volunteers clean Tapi river to celebrate the completion of two years of Modi government...

Madras Regimental jawans jubilate after winning the Dakshin Bharat Area Cross Country Championship..

Madras Regimental jawans jubilate after winning the Dakshin Bharat Area Cross Country Championship..

Congress workers shave their heads at a protest on NDA Governments' second anniversary...

Congress workers shave their heads at a protest on NDA Governments' second anniversary...

Bollywood actress Shraddha Kapoor during shoot of her upcomming movie 'OK JAANU'...

Bollywood actress Shraddha Kapoor during shoot of her upcomming movie 'OK JAANU'...

Former Australian pacer Geoff Lawson interacts with recently selected young pacer...

Former Australian pacer Geoff Lawson interacts with recently selected young pacer...

Crowds pack the Canaveral National Seashore Friday, to witness the liftoff of a SpaceX...

Crowds pack the Canaveral National Seashore Friday, to witness the liftoff of a SpaceX...

Union Minister of Finance Arun Jaitley paying floral tribute to Vinayak Damodar Savarkar...

Union Minister of Finance Arun Jaitley paying floral tribute to Vinayak Damodar Savarkar...

Prime Minister Narendra Modi with artists tries his hands at a drum in Heritage Mawphlang...

Prime Minister Narendra Modi with artists tries his hands at a drum in Heritage Mawphlang...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523