SOUTH Africa has lost R3.7bn due to cybercrime over the past year, according to a cybercrime report compiled by global firm Norton.The growth of the mobile web in South Africa means more consumers than ever before are vulnerable to cybercrime as they access the internet using their cellphones. The top cyber services targeted are internet banking, ecommerce and social media sites.The Norton report, which was released on Wednesday, is aimed at understanding how cybercrime affects consumers, and how the adoption and evolution of new technologies affects people’s security.Norton said every second 18 adults fell victim to cybercrime. This resulted in more than 1.5-million cybercrime victims each day globally, with losses totalling an average of $197 per victim across the world, and R1,550 per victim in South Africa in direct financial costs.In the past year, an estimated 556-million adults worldwide experienced cybercrime, more than the entire population of the European Union, said Norto...
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