Norton Cybersecurity Insights Report Found that 47% of U.S. Consumers Affected by Cybercrime

A report conducted by Norton by Symantic titled “Norton Cybersecurity Insights Report” found that 62 percent of consumers think it’s more likely their credit card information will be stolen online and 47 percent reported they have been affected by cybercrime in the United States. Furthermore, half of consumers think that storing their credit card and banking information in the cloud is riskier than not wearing a seatbelt.

According to a press release from SmartMetric, Inc. (OTCQB:SMME):

Cybercrime has become a multi billion industry. The report interviewed consumers across 17 countries and found they lost an average of 21 hours over the past 12 months with the cost of cybercrime running at nearly $358 per person totaling approximately $150 billion.

On top of this massive loss, cybercrime takes a true emotional toll with nearly half of consumers experiencing cybercrime in the U.S. feeling extremely angry after being affected by cybercrime.

• Nearly 90% research respondents said they’d feel devastated if their personal financial information was compromised
• 70% of consumers would rather cancel dinner plans with a best friend than have to cancel their debit or credit card due to cybercrime

The social and behavioral effects of the constant stream of cybercrime on credit card users has been little researched but cybercrime impact on consumers based on the findings of this report are likely to be far more damaging to financial institutions than currently thought.
SmartMetric considers, based on the disquiet by consumers over cyber fraud and the fact that nearly half of United States consumers have already been affected, that there is a desire for the consumer to have a safer and more secure credit and debit card, said today SmartMetric’s President & CEO, Chaya Hendrick.

Click here to read the full press release.