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Study: nearly half of cyber-crime victims never get their money back

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU52% of internet users whose money was stolen by cyber-criminals only got back some of the money or none at all, according to a study performed by Kaspersky Lab.

As the variety and complexity of threats to internet users increases in relation to security of financial transactions, fraud, identity theft and hacking, losses from them already reach billions annually. Because many of those cases are never reported, actual losses may be even higher.

Study results show how costly attacks on the internet are for users and how profitable they are for cyber criminals. On average, internet users lose USD 476 to cyber-attacks. One-tenth of respondents say their losses exceed USD 5,000.

81% of internet users said they perform transactions online. 44% of them keep financial data on devices connected to the internet. The more people use the internet to manage their finances, the more cyber-criminals search for opportunities to make money. This is why it is important for internet users to apply strict internet security measures to protect their money and themselves. Only 60% of internet users protect their devices.

It is possible that their attitude towards internet protection can be explained by the belief that their money will be automatically returned to them. 45% of respondents believe their bank will compensate them for any cyber-attacks on their accounts. However, results of the study show that 52% of victims of cyber-attacks never recovered their stolen money.

«Cyber-criminals never stop looking for opportunities to use and rob users. It is important for people to remain vigilant on the internet,» – says Kaspersky Lab anti-malware research group leader Vyacheslav Zakorzhevsky.

He notes that cyber-criminals can commit financial crimes using malware, phishing and all kinds of other tricks. «Don’t believe you will always get your money back if something happens. The best way to protect your finances online is by using specialized software that protects your identity from criminals,» – Zakorzhevsky said.

He recommends using Kaspersky Lab software, such as Kaspersky Total Security. One of its main elements is Kaspersky Safe Money – a compilation of financial security solutions to protect users’ financial transactions online.

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