Consumers Lost $19.4 Billion to Cybercriminals in 2017
Consumers are confident they’re safe online, but hackers have proven otherwise, stealing $172 billion from 978 million consumers in 20 countries in the past year, according to the 2017 Norton Cyber Security Insights Report, by Norton by Symantec.
Globally, cybercrime victims share a similar profile: they are everyday consumers who use multiple devices whether at home or on the go, but have a blind spot when it comes to cyber security basics. This group tends to use the same password across multiple accounts or share it with others, it said. Equally concerning, said the report, 39 percent of global cybercrime victims despite their experience, gained trust in their ability to protect their data and personal information from future attacks and 33 percent believe they had a low risk of becoming a cybercrime victim.