India emerges as the “ransomware capital” of Asia Pacific: Norton

India is among the world’s top five countries reported with the highest number of incidences of cybercrime, says a new report from Norton.

The average cost per cybercrime victim in India is up at USD207 from USD192 last year.

The most common cybercrimes are ransomware (11 percent), identity theft (11 percent) and phishing (9 percent).

Symantec finds that cybercriminals are using more sophisticated attacks, such as ransomware and spear-phishing, which yield them more money per attack than ever before.

“With 66 percent of Indian consumers using their personal mobile device for both work and play, this creates entirely new security risks for enterprises as cybercriminals have the potential to access even more valuable information,” said Ritesh Chopra, country manager, Norton by Symantec.

Norton India cyber crime report

India is now considered as the ransomware capital of Asia Pacific with 11 percent victims of this form of virtual extortion. In addition, over the last 12 months, 56 percent of cybercrime victims in India have experienced online bullying, online stalking, online hate crime or other forms of online harassment.

As the number of mobile users grew, there is sudden growth in mobile cybercrimes, the report finds. According to the report, a staggering 63 percent of smartphone users in India have experienced some form of mobile cybercrime in the past 12 months.

Wi-Fi users are at risk of losing private information and becoming target of online criminals. Accessing social networks (61 percent), shopping online (44 percent) and accessing bank account (42 percent) are the top three activities leading to cybercrimes.

Lack of awareness is not the only reason that leads to such attacks. In fact, more than half of the consumers surveyed admitted that the convenience of being constantly connected outweighed any potential security risks.

Even when 57 percent said that there is no such thing as “online privacy” in today’s world and 61 percent assume that “everything they put online will / can be seen by any and every one.”

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