Each year thousands of Internet users become victims of a cybercrime that leaves them out of pocket. Research from Kaspersky Lab reveals that over half (52%) of Internet users who’ve lost money at the hands of cybercriminals have only got some, or none, of their stolen funds back.

 

With the variety and sophistication of online financial threats against consumers growing, losses from online fraud, identity theft and hacking are now running at billions a year. And with many cases going unreported, the true economic cost is likely to be significantly higher.

 

The research reveals how costly these attacks are for Internet users, and how lucrative they’ve become for cybercriminals. On average, Internet users lose $476 per attack and one-in-ten people surveyed said they lost more than $5,000.

 

A large majority of Internet users say they conduct financial operations online (81%) and just under half (44%) store financial data on their connected devices.

 

As more users go online to manage their finances, more cybercriminals are looking for opportunities to cash in, making it important for users to have robust Internet security in place to protect themselves and their money. Nevertheless, only 60% of Internet users protect all their devices.

 

Attitudes to online safety could be influenced by users mistakenly thinking lost money will be automatically refunded to them.

 

Almost half (45%) say that they assume they will be reimbursed by banks for financial cybercrime without any problems, but as the survey shows, over half (52%) of people affected haven’t had all their stolen money returned.

 

“Cybercriminals are continually looking for new ways to exploit and defraud consumers and that’s why it’s important for Internet users to be on their guard at all times,” says Vyacheslav Zakorzhevsky, Head of the Anti-Malware Research Team at Kaspersky Lab.“Cybercriminals can conduct financial crimes via malware, phishing and more. Don’t assume you will always get all your money back if you become a target and funds are stolen from you. The best way to safeguard your finances online is to make sure you don’t become a victim, and for that we recommend specialist software that protects your identity and keeps sensitive data out of the hands of the cybercriminals.”

 

Kaspersky Safe Money, one of key features of Kaspersky Lab home products, such as Kaspersky Total Security, is a financial security suite of technologies, designed to protect the online financial operations of users with three core principles — trusted site, trusted connection and trusted environment. This solution’s ability to effectively protect users against financial threats has been approved by many independent researchers.

 


RECOMMENDED ARTICLE FOR TECHWORLD


 
New Line-Up of Nokia Phones Launched in the Philippines
Techworld Date Posted: 17 April 2018 2:42 PM | 301 Views
HMD Global, the home of Nokia phones, today confirmed the availability of the Nokia 7 plus, Nokia 1, New Nokia 6, and Nokia 8110 4G for the Philippines. First introduced at the Mobile World.... See More
 
New Line-Up of Nokia Phones Launched in the Philippines
Techworld Date Posted: 2:42 PM | 301 Views
HMD Global, the home of Nokia phones, today confirmed the availability of the Nokia 7 plus, Nokia 1, New Nokia 6, and Nokia 8110 4G for the Philippines. First introduced at the Mobile World...See More

 
Lenovo Continues Support for ‘Outstanding Tech Visionary’
Techworld Date Posted: 2 October 2018 11:22 AM | 159 Views
Lenovo, a global leader in PC and smart devices, recently renewed its support to the youth by providing additional laptop grants to the University of the Philippines Genetic Researchers and Agricultural Innovators Society (UP.... See More
 
Lenovo Continues Support for ‘Outstanding Tech Visionary’
Techworld Date Posted: 11:22 AM | 159 Views
Lenovo, a global leader in PC and smart devices, recently renewed its support to the youth by providing additional laptop grants to the University of the Philippines Genetic Researchers and Agricultural Innovators Society (UP...See More

 
AKAMAI POSITIONED IN LEADERS QUADRANT OF GARTNER MAGIC QUADRANT FOR WEB APPLICATION FIREWALLS
Techworld Date Posted: 24 August 2017 10:38 AM | 286 Views
Akamai Technologies, Inc. (NASDAQ: AKAM), the world's largest and most trusted cloud delivery platform, today announced it has been acknowledged by Gartner, Inc. in the "Leaders" quadrant of the "Magic Quadrant for Web Application.... See More
 
AKAMAI POSITIONED IN LEADERS QUADRANT OF GARTNER MAGIC QUADRANT FOR WEB APPLICATION FIREWALLS
Techworld Date Posted: 10:38 AM | 286 Views
Akamai Technologies, Inc. (NASDAQ: AKAM), the world's largest and most trusted cloud delivery platform, today announced it has been acknowledged by Gartner, Inc. in the "Leaders" quadrant of the "Magic Quadrant for Web Application...See More

 
Notes on Intel®’s Tick-Tock Model
Techworld Date Posted: 30 March 2017 10:59 AM | 363 Views
Though Intel has scrapped the previous “Tick-Tock” CPU production model, it is still good to note how well it has gone through the years.. See More
 
Notes on Intel®’s Tick-Tock Model
Techworld Date Posted: 10:59 AM | 363 Views
Though Intel has scrapped the previous “Tick-Tock” CPU production model, it is still good to note how well it has gone through the years.See More

 
It’s Raining Pies! Nokia 6.1 Plus and Nokia 6.1 Upgrade to Android™ 9 Pie
Techworld Date Posted: 12 November 2018 4:22 PM | 236 Views
Packed with Google’s newest software and building on the features of Android™ 8.0 Oreo™, Android™ 9 Pie features artificial intelligence and machine learning to give owners a more customized and tailored experience.. See More
 
It’s Raining Pies! Nokia 6.1 Plus and Nokia 6.1 Upgrade to Android™ 9 Pie
Techworld Date Posted: 4:22 PM | 236 Views
Packed with Google’s newest software and building on the features of Android™ 8.0 Oreo™, Android™ 9 Pie features artificial intelligence and machine learning to give owners a more customized and tailored experience.See More

 
New Kaspersky CyberTrace Streamlines Threat Intelligence Flows for Better Initial Response to Cyberthreats
Techworld Date Posted: 21 February 2019 2:00 PM | 135 Views
With the number of available threat intelligence sources continuing to grow, a third of Chief Information Security Officers (CISOs) feel under pressure as they cannot consume cybercrime intelligence easily or effectively. . See More
 
New Kaspersky CyberTrace Streamlines Threat Intelligence Flows for Better Initial Response to Cyberthreats
Techworld Date Posted: 2:00 PM | 135 Views
With the number of available threat intelligence sources continuing to grow, a third of Chief Information Security Officers (CISOs) feel under pressure as they cannot consume cybercrime intelligence easily or effectively. See More

 
IDC Philippines Reveals Strategies Needed to Become Digitally Determined Enterprise at CIO Summit 2019
Techworld Date Posted: 24 April 2019 4:32 PM | 62 Views
IDC hosted its annual CIO Summit at the Shangri-La at the Fort, Manila exploring practical strategies to move businesses through their digital transformation (DX) journey. This year's CIO Summit, themed “The Digital Determination Playbook,”.... See More
 
IDC Philippines Reveals Strategies Needed to Become Digitally Determined Enterprise at CIO Summit 2019
Techworld Date Posted: 4:32 PM | 62 Views
IDC hosted its annual CIO Summit at the Shangri-La at the Fort, Manila exploring practical strategies to move businesses through their digital transformation (DX) journey. This year's CIO Summit, themed “The Digital Determination Playbook,”...See More

 
Win a Transcend DrivePro 230 Dashcam for Your Family’s Safety Travel This Christmas
Techworld Date Posted: 18 December 2018 8:48 AM | 134 Views
It’s the season of giving and Christmas is fast approaching. Transcend Information, together with Blade Auto Center, is holding “Share and WIN a DrivePro 230 dashcam” on Blade Facebook to secure your family’s safety.... See More
 
Win a Transcend DrivePro 230 Dashcam for Your Family’s Safety Travel This Christmas
Techworld Date Posted: 8:48 AM | 134 Views
It’s the season of giving and Christmas is fast approaching. Transcend Information, together with Blade Auto Center, is holding “Share and WIN a DrivePro 230 dashcam” on Blade Facebook to secure your family’s safety...See More

 
Cyber Criminals Cash in on Millions with Formjacking, Pose Serious Threat to Businesses and Consumers
Techworld Date Posted: 14 March 2019 10:57 AM | 152 Views
Faced with diminishing returns from ransomware and cryptojacking, cyber criminals are doubling down on alternative methods such as formjacking to make money, according to Symantec’s (Nasdaq: SYMC) Internet Security Threat Report (ISTR) Volume 24.. See More
 
Cyber Criminals Cash in on Millions with Formjacking, Pose Serious Threat to Businesses and Consumers
Techworld Date Posted: 10:57 AM | 152 Views
Faced with diminishing returns from ransomware and cryptojacking, cyber criminals are doubling down on alternative methods such as formjacking to make money, according to Symantec’s (Nasdaq: SYMC) Internet Security Threat Report (ISTR) Volume 24.See More

 
Symantec Introduces Advanced EDR Tools and Fully-Managed Service to Stop the Most Dangerous Cyber Threats
Techworld Date Posted: 13 February 2019 9:39 AM | 121 Views
Symantec Corp. (NASDAQ: SYMC), the world’s leading cyber security company, has announced a new Managed Endpoint Detection and Response (MEDR) service and enhanced EDR 4.0 technology.. See More
 
Symantec Introduces Advanced EDR Tools and Fully-Managed Service to Stop the Most Dangerous Cyber Threats
Techworld Date Posted: 9:39 AM | 121 Views
Symantec Corp. (NASDAQ: SYMC), the world’s leading cyber security company, has announced a new Managed Endpoint Detection and Response (MEDR) service and enhanced EDR 4.0 technology.See More


Power by

Download Free AZ | Free Wordpress Themes