A new Norton Cybercrime Report cites that 1.5 million people worldwide are victims of online crime on a daily basis. They also claim that 2 out of every 3 internet users have been affected by cybercrime at least once in their lifetime and the costs on consumers are over a billion dollars (USD) per year. These numbers are truly staggering. On average, victims are averaging $197 in financial losses as a result of this epidemic.
As more people turn to smartphones to access the internet, they increase the probability to succumbing to cybercriminals activities. Threats were initially low with the use of mobile phones but now since nearly 2 out of 3 people are online via their smartphones the threat has increased to over 200%.
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Social networks are also major targets. The report states that 4 out of every 10 users have suffered from cyber criminals hacking into their platform. In addition to that two-thirds of people have not set up security settings on their mobile phones or otherwise. Surprisingly, there are an estimated 44% of users that don’t even realize they have security settings to help offset any cyber crimes. Sounds like it’s time for all of us to wise up and get educated on how we can stop cybercriminals in their tracks.