Over 30 million Indians victims of cybercrime

Ahmedabad: During the last year, around 30 million people from India became victims of cybercrime. Many suffered direct financial loss of USD 4 billion. This report came from a study by makers of Norton Internet security, Symantec.

“With the spread of internet, cybercrime has become more organised especially, in the developing nations of the world,” Symantec Country Sale Manager in India, Gaurav Kanwal, told media persons here.

“In India, it is estimated that more than 29.9 million fell victim to cybercrime last year (2010), suffering direct financial loss of USD 4 billion (approx Rs 18,000 crore) and an additional USD 3.6 billion (approx Rs 16,200 crore) in time spent resolving the crime,” Kanwal said, stating the Norton Cybercrime Report 2011.

According to Kanwal, the study was conducted online by the company across 24 countries in February this year, in which 20,000 people participated globally, including 600 from India.

The study further states that the global monetary loss caused by cyber criminals amounted to USD 388 billion while 431 million adult fell victim to cyber crimes.

Kanwal said the study found that top six countries with higher number of cyber crime victims were all emerging markets like China on the top followed by South Africa, Mexico, Brazil, India and Singapore.