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Identity theft costs every Indian netizen Rs 7,500: Microsoft

New Delhi: As more Indians are logging onto the internet, cases of identity theft are also on the rise and a survey by Microsoft has found damages from such acts to have cost individuals about

India TV News Desk [ Updated: February 12, 2014 18:54 IST ]
identity theft costs every indian netizen rs 7 500 microsoft
identity theft costs every indian netizen rs 7 500 microsoft

New Delhi: As more Indians are logging onto the internet, cases of identity theft are also on the rise and a survey by Microsoft has found damages from such acts to have cost individuals about Rs 7,500 on an average.


According to Microsoft's third annual Computing Safer Index (MCSI), 20% of respondents from India said they had fallen prey to phishing attacks.

"About 12% Indian respondents said they suffered identity theft at an average cost them Rs 7,500," MSCI added.

Globally, Microsoft said identity thefts has cost as much as $5 billion overall.
 
"Annual worldwide impact of phishing and various forms of identity theft could be as high as $5 billion, with the cost of repairing damage to peoples' online reputation higher yet at nearly $6 billion or an estimated average of $632 (Rs 39,000) per loss," MSCI estimates.

The survey, released on International Safer Internet Day, measures the online safety behaviour of about 10,500 consumers in 20 countries and was conducted between March-May 2013.

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