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Norton Reveals The Shocking Scale of Cyber Crime in Asia

The money - and value of time - lost to cyber crime. In India it amounts to about US$4 billion per year.


Norton has released a report on the current cyber crime situation across the world. It claims, for example, that just over one million people each day fall victim to a new online crime, and the cost of money stolen totals over US$300 billion. It’s also alarming to note that web users in developing countries are more likely to fall prey to online felons. The research was conducted in partnership with the international research agency StrategyOne, by conducting online surveys amongst nearly 20,000 people in 24 countries – even including children . Here, I’ve tried to summarise the report from an Indian perspective:

“Cybercrime” in India

According to Norton, the Indian population that was surveyed spent an average of 30 hours per week online, as compared to the global average of 24 hours per week. The time spent online echoes the fact that most of us in India are now using the Internet to fulfill all our needs – from work to personal – and a great deal of it on our mobiles. Why is Asia Getting Hit So Hard by Cyber Crime?

There appear to be four core weaknesses in online security and usage in Asia:

1. Norton reports that not many people report cyber crime because they don’t believe online criminals can be brought to justice. At least that’s what 80 percent of the people surveyed think. Instead of reporting it to the police, they end up reporting matters such as a credit card fraud only to their bank. But this, perhaps, only perpetuates the number of security breaches. 4. Company websites need to be more secure. A lot of websites can be hacked through a fairly basic SQL injection attack. Even the Indian government has shown a poor grasp of how to secure its websites. Indeed, as many as 117 government websites were hacked in India in the past three years.