More than 19 people a minute are falling victim to cybercrime, a new Norton report reveals.
The Norton Cybercrime report claims that 51% of people in the UK have experienced some form of cybercrime during their lifetime. In addition, three times as many people have experienced crime online than offline in the past year.
Adam Palmer, lead security advisor at Norton, said: ‘It’s important for people to think about how they’re protected online, otherwise they risk losing their hard-earned cash.’
The report claims that around £474 million a year is lost to cybercrime in the UK with a further £619 million lost in the value victims place on their lost time. Globally, Norton estimates cybercrime costs around £71 billion last year.
Cybercrime can be prevented
Computer viruses and other malware are the most common form of preventable cybercrime, according to Norton’s report – 38% of people said that they had encountered a virus.
Of those, 10% had been hit by credit card fraud, while 6% had seen their social network hacked.
Sarah Kidner, editor of Which? Computing, said: ‘The figures in Norton’s report are alarming. However, we wouldn’t want them to stop people enjoying a rich online experience. Security software, notably our Best Buys, provide an excellent defence.
‘However, it’s essential that people keep their software up-to-date and ensure that they download updates for their operating system,’ she added.