The report revealed that 52% of the UAE’s adult online population experienced cybercrime over the course of the year, with average losses of USD 182 each. According to the data, the largest average financial losses were due to credit card fraud (USD 1,051), falling for a technical support scam (USD 476), data breaches (USD 341) and compromised account passwords (USD 157).
Regarding passwords, 24% of cybercrime victims are more likely to use the same password across all their accounts, with 16% also likely to save passwords to a file on their device. The report noted that the UAE’s cybercrime victims each fit a similar profile: they are everyday consumers who express confidence in their abilities to secure themselves against cybercrime, and use multiple devices.
In consequence, cybercrimes will likely become more frequent as more and more people adopt ‘smart homes’ in which a wide range of items, ranging from appliances to cameras, are connected.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.