READING, UK., – 7th September 2011 –
Cybercrime is costing the UK on average £474 million a year according to online safety experts, Norton. Based on the value victims surveyed placed on time lost due to their cybercrime experiences, an additional £619 million was lost.i Overall, 51 percent of people in the UK have experienced cybercrime in their lifetime, with 19 people falling victim to cybercrime every minute.
The Norton Cybercrime Report 2011
highlights that three times as many Brits have been victims of online crime in comparison to offline crime in the last 12 months, with only 16 per cent of victims reporting it to the police. Nearly 9 in 10 people in the UK (88%) agree that more needs to be done to bring cybercriminals to justice. For the first time the report has also calculated the global cost of cybercrime which cost people around the world £71 billion last year.
Most at Risk: Male, Millennial, Mobile
The study identifies that men between 18 and 31 years old who access the Internet from their mobile phone are even more likely to be victims of cybercrime. In this group 7 in 10 (70%) have experienced cybercrime in their lifetime of which 58 percent have fallen prey to cybercrime within the past 12 months in the UK.
The most common and most preventable type of cybercrime in the UK is computer viruses and malware which 38 percent of respondents have encountered. Viruses are followed by credit card fraud (10%) and social network hacking (6%). Social networking and a lack of protection are likely to be some of the main culprits behind the growing number of cybercrime victims.
“There is a serious disconnect in how people view the threat of cybercrime,” explains Adam Palmer, Lead Cybersecurity Advisor, Norton. “Cybercrime is much more prevalent than people realise. 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. With the increasing sophistication of cyber threats and the staggering amount of money lost to cybercriminals, it’s important for people to think seriously about how they are protected online, otherwise they risk losing their hard-earned cash.”
For more findings from the Norton Cybercrime Report
globally and by country, please visit: http://uk.norton.com
About Norton by Symantec
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Norton Cybercrime Report Methodology
The Norton Cybercrime Report is based on research conducted between February – March 2011 by StrategyOne, an independent market research firm, on behalf of Symantec Corporation. StrategyOne conducted an online survey among 12,704 adults aged 18 and over, 4553 children between the ages of 8-17 years-old, and 2,379 teachers of student aged between 8-17 years-old.
The survey was conducted in 24 countries (Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, New Zealand, Spain, Sweden, United Kingdom, and United States. 10 new countries including: Belgium, Denmark, Holland, Hong Kong, Mexico, South Africa, Singapore, Poland, Switzerland and UAE).
The survey was conducted in the primary language of each country. Questions asked were identical across all countries. Interviews were conducted between 6th February – 14th March 2011. The margin of error for the total sample of adults (N=12,704) is + 0.87% at the 95% level of confidence.
For the purposes of the study, cybercrime is identified as computer viruses/malware, online credit card fraud, online hacking, online harassment, online identity theft, online scams (i.e., fraudulent lotteries/employment opportunities), online sexual predation, online phishing.
All extrapolations are based upon a survey conducted in 24 countries among adults 18-64.