Rami Olwan

All About CyberLaw, Copyright and Developing Countries

Dh1b lost to cyber criminals in UAE

More than 1.5 million people fell victim to cybercrime in the UAE in the past 12 months, suffering Dh1.039 billion in direct financial losses, a new study revealed.

In the UAE, 46 per cent of the country’s social networking users have fallen victim to cybercrime on social networking platforms, the findings of the annual Norton Cybercrime Report, one of the world’s largest consumer cybercrime studies, show.

“Of the social networking users, 31 per cent adults have been a victim of social or mobile cybercrime in the past twelve months in the UAE compared to the 21 per cent globally,” it said.

With findings based on self-reported experiences of more than 13,000 adults across 24 countries, the 2012 edition of the report calculates the direct costs associated with global consumer cybercrime at $110 billion over the past 12 months.

“Every second, 18 adults become a victim of cybercrime, resulting in more than one-and-a-half million cybercrime victims each day on a global level. With losses totalling an average of $197 per victim across the world in direct financial costs, cybercrime costs consumers more than a week’s worth of nutritious food necessities for a family of four,” said the report.

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