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Beware the social cybercrime wave

Beware the social cybercrime wave
Nearly a million Kiwis fell victim to cybercrime over the past year, according to estimates from Norton, which has released the findings of its annual Cybercrime Report, compiling results from self-reported experiences of more than 13,000 adults across 24 countries.

Nearly a million Kiwis fell victim to cybercrime over the past year, according to estimates from Norton, which has released the findings of its annual Cybercrime Report, compiling results from self-reported experiences of more than 13,000 adults across 24 countries.

The report calculates the direct costs associated with global consumer cybercrime at US$110 billion for the past year, or NZ$462.9 million specifically for New Zealand. 

However, InternetNZ chief executive Vikram Kumar called the findings "questionable", telling Fairfax there were no credible vendor-neutral sources of information.

Key findings:

·         16 percent of social network users in New Zealand have been victims of social cybercrime, and specifically, 13 percent of social network users reported someone had hacked into their profile and pretended to be them.
·         One in 10 New Zealand social network users said they’d fallen victim to a scam or fake link on social network platforms.
·         While 75 percent believe cybercriminals are targeting social networks, only a third use a security solution that protects them from social network threats and only half use privacy settings to control what information they share, and with whom.
·         Almost a fifth of New Zealand mobile users received a text message from someone they didn’t know requesting that they click on an embedded link or dial an unknown number to retrieve a “voicemail”.