The mushrooming cyber crime cases in India are to be blamed for financial losses. More than 42 million people in India have been victimized by cyber criminals since the last 12 months, with approximately 8 billion US dollars in direct financial losses, a recent report said.
These findings form part of the Norton Cyber Crime Report 2012 based on experiences of over 13,000 adult internet users across 24 countries globally, including 1,000 from India. The global cost to cyber crime was estimated at $110 billion, Chinese news agency Xinhua reported.
According to the report, 66 per cent of adults in India have been victims of cyber crime in their lifetime. In the last 12 months, 56 per cent of adults online in India have experienced cyber crime, translating to more than 1,15,000 victims of cyber crime every day or 80 victims a minute and more than 1 a second.
