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Millennials targeted by online fraudsters – study reveals

Wednesday 16 November 2016 00:15 CET | News

Norton Cybersecurity Insights Report released by Symantec has revealed that the number of cybercrime victims grew 10 % globally in 2015 and the main target being millennials.

Moreover, 45 % of those surveyed feel overwhelmed in the amount of information they need to protect. The report surveyed 20,907 consumers online in 21 countries, including more than 1,000 US participants.

While the cost per person and time taken to repair is down from 2015, victims now spend nearly USD 183 and almost 20 hours fixing the problem, 689 million people in 21 countries were still the victim of cybercrime, according to the study.

The US is the most susceptible developed country for cyberattacks, with 39 % of Americans affected. The growth in cybercrime may continue as recent victims still need to do more to protect themselves, according to the survey.

Regarding the age of targeted people for fraud, millennials are on the top of the list, with 40 % of whom fell victim to cybercrime. Still, 65% of millennials are confident in their ability to protect themselves.


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Keywords: Symantec, online security, online fraud, fraud prevention, card fraud prevention, payment fraud, digital identity, US, North America
Categories: Fraud & Financial Crime
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Countries: World
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Fraud & Financial Crime






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