41% Of Online Fraud Victims Never Recover Lost Funds Says Kaspersky Report



/ 4 years ago

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According to a recent Kaspersky Labs report and survey, things do not look good for online fraud victims. Apparently 41% of victims did not recover any of the lost funds while 45% recovered them all and 14% partially recovered them. 33% of victims had the money stolen during an e-Payment checkout operation, 17% during online banking sessions and 13% while online shopping.

Sadly only 12% of online store customers who were defrauded received full compensation, for online banking the figure was 15%. Of course Kaspersky Labs says that this means only one thing – that companies, consumers and businesses should all take more care in using appropriate protection when dealing with money online.

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As expected the majority of consumers assume that their bank or retailer is responsible for protecting them. 34% of respondents take no security measures when using public WiFi while 45% believe the bank will return any stolen money. Despite the relative prevalence of these incidents, around 62% of respondents experienced an incident where attempts to steal financial details were encountered, the average cost of an attack was only about $74 per person.

Image courtesy of Kaspersky Labs


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