Cybercrimes cost India $4 billion in 2013

Cybercrime

As cybercriminals are utilising more complicated means like ransomware and spear-phishing, such internet deceptions have cost India a whopping $4 billion (about Rs 24,630 crore) this year, a report by cybersecurity foremost Symantec said.

According to the 2013 Norton Report, the mean cost per cybercrime casualty in India is up at $207 throughout August 2012 to July 2013 from $192 in the year-ago time span.