Identity fraud is turning out be as a major concern in India with the growing number of Internet, social media and internet users through mobile phone devices, according to David Hall, regional consumer manager (product marketing), APAC, Norton by Symantec.
A recent Norton by Symantec report stated, of the total 137 million Internet users in India, 42 million have fallen prey to the cyber fraud in one way or the other. The financial loss per cyber crime victim is around Rs 10,000 for 2012, he said.
"Cyber crime is seeing an increasing trend in the country due to many factors including low awareness on security aspects and sharing of too much of personal details across websites," he said.
Another trend emerging in India is the cyber security landscape is now shifting to mobile phone device space with the growing number of smartphone users and threat from the social media space, he said.
Norton by Symantec today launched its mobile security in the Indian market. The product delivers protection for consumers' mobile needs, including support for iOS devices, contact backup and an improved user experience.