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Targeted attacks on enterprises increasing

Major anti-virus software manufacturer, Symantec Corporation says that cyber-crimes cost banks and individuals US$114-billion last year and about 431-million people were victims of some fraudulent activity.

According to the Norton Cyber-Crime Report 2011 over 74-million people in the United States alone were victims of cyber-crimes and they suffered direct losses of US$32-billion.

The report says cyber-crime cost China about US$25-billion, Brazil US$15-billion and India US$4-billion as 69% of online adults reported they had been a victim if cyber-crimes in one form.

In South Africa an astonishing 84% of online adults admitted that they had been victims of cyber-crimes in the past year. Symantec, the company that compiled the report, says that there is also an increasing trend towards higher levels of cyber-crimes affecting mobile phones.

Referring to the use of viruses to spread incidents of hacking and cyber-crimes, Symantec's Security Threat Report Volume 16 indicates that there were more than 286-million new threats recorded last year with dramatic increases in the frequency and sophistication of targeted attacks on enterprises.

It says that web-attack toolkits led to a 93% increase in the number of web-attacks on enterprises and the average number of identities caused by hacking incidents was 260 000.

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