Cybercrime surfs past burglary

The cost of cybercrime in Australia surpassed burglary and assault in 2010, according to a survey released last week by Norton. Are criminals really putting down the crowbar and picking up a keyboard and mouse? Could you be their next victim?

The Norton Cybercrime Report 2011 suggests an estimated 20 per cent of the Australian population were affected by cybercrime last year with $1.8b in direct financial losses and $2.8b in the cost of time involved in resolving the crime, taking the total to $4.6b.

Burglaries and assaults cost Australians $2.2b and $1.4b respectively, $1b less than cybercrime. The report also found that cybercrime victims were twice as likely to have been a victim of crime in the physical world as non-cybercrime victims.

A worrying statistic to come out of the report is that only 21 per cent of victims report it to the police. If you are ever the victim of cybercrime, it is important to report the crime to the police to prevent others from falling victim and to track down those involved. Don’t feel embarrassed, 1 in 2.27 online consumers will become a victim of cybercrime in the coming year.

Four in ten adults surveyed for the report did not have an up-to-date security software suite to protect their personal information online. It is important to make sure your security software is up-to-date every week and that you scan your computer for viruses weekly.

To read the full report, click here.

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