Consumer cybercrime costs Kingdom SR 2.6 billion

Norton by Symantec has released the findings of its annual Norton Cybercrime Report, one of the world’s largest consumer cybercrime studies.
The study is aimed at understanding how cybercrime affects consumers, and how the adoption and evolution of new technologies impacts people’s security.
With findings based on self-reported experiences of more than 13,000 adults across 24 countries, the 2012 edition of the Norton Cybercrime Report calculates the direct costs associated with global consumer cybercrime at $ 110 billion over the past twelve months.
In Saudi Arabia, it is estimated that more than 3.6 million people fell victim to cybercrime in the past 12 months, suffering in direct financial losses.
Every second, 18 adults become a victim of cybercrime, resulting in more than one-and-a-half million cybercrime victims each day on a global level.
With losses totaling an average of $ 197 per victim across the world in direct financial costs, cybercrime costs consumers more than a week’s worth of nutritious food necessities for a family of four.
In the past 12 months, an estimated 556 million adults across the world experienced cybercrime, more than the entire population of the European Union.
This figure represents 46 percent of online adults who have been victims of cybercrime in the past 12 months, on par with the findings from 2011 (45 percent).