CyberCrimes cost UAE $611.3 million in 1 year.
Today Symantec launched their latest iteration of Norton Internet Security, 2012 version. While the new antivirus has a host of new features and upgrades from last year’s version, what was more important were the stats on CyberCrime in UAE.
Symantec conducted a survey of 20k respondents from 24 countries worldwide, with a certain number of people from UAE as well, the only Middle Eastern country to be surveyed. As part of the survey, an alarming trend of cybercrime increase was reported. The survey was conducted from Feb 2010 to Feb 2011, and while we’re still waiting for the exact number of sample size with demographic breakdown, here’s the results of the study presented to us.
- Out of the estimated 2.5 million people in the UAE who are connected to the internet, 1.4 million have been a victim of cybercrime; that’s 56% of everyone online.
- That’s 3,826 victims daily in the UAE, or 2.66 victims per second. The global average is 14 victims per second.
- A total of $611.3 million was lost to cybercrimes; $209.7 million is the actual cost in cash of what was lost because of these attacks, with $401.6 million being the cost to repair these attacks.
- It takes an average of 16 days to repair the damage done by cybercrimes in the UAE, compared to 4 days in UK (the best country in the world to resolve cybercrime issues).
- Of all the people surveyed, 65% were attacked by a virus/malware, 56% by scam/phishing and 20% through mobile SMSishing. [The averages overlap as people fell to more than one type of cybercrime]
- Only 2 out of 10 people report a cybercrime.
- Men spend an average of 32 hours per week on the internet, women spend 28 hours per week.
- Men interact with strangers twice as much as women; women use social networking services twice as much as men.
- 53% of adults don’t have an updated security software.
- 65% of people in UAE don’t feel safe from cybercrimes when they go online.
- 56% of the UAE’s population uses a mobile phone to connect to the internet, of those 20% have fallen victims to cybercrime.
Again, the above results are an extrapolation of the number of people surveyed, the exact number of which we’re still awaiting from Symantec, and will be updating the article accordingly.