News

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

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.

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

Ryan Martin

Disqus Comments Loading...

Recent Posts

S.T.A.L.K.E.R. 2: Heart of Chornobyl Gets A New Trailer

While I'm not familiar with the Bilibili streaming platform, it was the source of a…

16 hours ago

Jensen Huang to Kick Off Computex 2024 With NVIDIA Keynote

As Computex 2024 approaches, the tech industry buzzes with anticipation for a series of high-profile…

2 days ago

MSI Prioritizes NVIDIA Over AMD as RX 7000 GPU Supplies Vanish

MSI, a key player in the graphics card market, appears to be shifting its focus…

2 days ago

TeamGroup Clinches Four Red Dot Awards for Innovative Design

TeamGroup has once again proven its prowess in the field of memory product innovation by…

2 days ago

eFootball Hits Major Milestone with 750 Million Downloads

Konami's eFootball has reached a staggering 750 million downloads worldwide. This milestone comes as the…

2 days ago

Manor Lords Is Out Now On Steam, Epic and Gamespass!

Just a few hours after its release on Steam alone Manor Lords has already managed…

2 days ago