SINGAPORE--The average citizen in the island-state is losing more money to cybercrime, compared to other countries, due to Singaporeans' affluence and higher incidents of credit card fraud and identity theft.
The two attributes led to direct monetary losses, according to Symantec's Norton Cybercrime Report 2012 released today.
The report, which studied 500 Singaporeans aged 18 to 64, found the direct cash cost--or money stolen--and cost of resolving cybercrimes increased from US$195.2 million in 2011 to whopping US$944 million this year. Full story
Related:
‘New’ forms of cybercrime rising in Singapore: survey - Yahoo! News Singapore
S’poreans lost about $1.2 billion to cyber scams in 2011 - inSing.com
