Costs of Consumer Cybercrime in 2013

in Business Risk, Transnational Crime

In 2013, the global costs associated with cybercrimes against consumers was reported to be $113 Billion, according to a report by computer security firm Symantec.

The average cost per victim of cybercrime was $298, a 50 percent increase from the average costs in 2012. Consumers in the United States had the highest costs associated with cybercrime, with $38 Billion, followed by China with $37 Billion.

According to the report, there are 378 million victims of cybercrimes each year. The highest number of cybercrime victims were found in Russia, China and South Africa.

Nearly half of the consumers surveyed in the report do not use security precausions for their mobile devices, such as passwords, security software or file backups.

57 percent of mobile device users (tablets, smartphones) are unaware that security solutions are available for mobile devices.

Source:  “2013 Norton Report,” Symantec. October 1, 2013.

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