Cybercrime to go mobile, social in India in 2013

January 12, 2013

With over 137 million Internet users in India, 7 out of 10 users access Internet through mobile. Additionally, India grew its social media user base from 38 million in 2011 to 60 million in 2012, making both mobile and social media platforms a preferred site for cybercrime attacks, Nasdaq-listed Symantec Corporation’s Norton Cybercrime Report 2012.
Cybercriminals are constantly changing their tactics to target both these fast-growing platforms where consumers are less aware of security risks. This fast-paced change has impacted individuals with loss of data, identities and finances to name a few. According to the report, it is estimated that more than 42 million people fell victim to cybercrime in the past 12 months in India, suffering approximately $$8 billion in direct financial losses.
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