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Cyber-Criminals Getting Away With It

A new report from Symantec suggests the time and effort required to fight against cyber-criminals is seen as inefficient by the majority of those charged with IT security.

The Cyber-crime Report: The Human Impact report surveyed 7,000 online users worldwide and found that 65 per cent had been affected by cyber-crime in some way. Worryingly however, the report revealed that it took an average of 28 days to resolve a cyber-crime at a cost of around £215 per crime. For the majority then, the costs far outweigh the benefits and many of those affected therefore don’t take any action.

The justice system across the globe was viewed as inefficient too, with 80 per cent of those surveyed revealing they didn’t believe criminals would be brought to justice. Interestingly, the number of people saying they had been affected by cyber-crime was higher than the official data detailing incidents reported.

The figures revealed that victims of cyber-crime rarely head straight to the police. Instead they tend to choose to report the incident to the body most closely related with the issue – for example sixty-three per cent of all UK citizens affected by cyber-crime ring their bank to report issues.

The lack of pursuing cyber-criminals appears to be further driven by a feeling of partial blame by victims of offences. A surprising, 78 per cent of those affected felt guilty for being a victim, while 58 per cent felt angry and 29 per cent felt scared after becoming a victim.

Some positives from the report at least show a good degree of cyber-safety awareness. 75 per cent of respondents now know not to share passwords with others and 71 per cent knew never to open email attachments from strangers.

Have you been a victim of cyber-crime? Did you report it?

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Tim Fuell only joined the Webfusion team last year but having been a customer of the group for more than 10 years, he knew all about their success in the Web hosting field. After writing his Masters thesis on the threat of cybersquatting way back in 1998, he has seen the Internet grow beyond even his wildest dreams. A journalist for over 16 years and a qualified Solicitor, Tim is one of a team of bloggers in the Webfusion stable aiming to educate, inform and assist their online readership.