More Indians fall prey to online fraud, millennials suffer the most
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Last Updated: Jul 25, 2021, 04:13 AM IST
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Synopsis
In India, millennials (aged between 24 and 37) were the most susceptible to such scams in 2021, with 58% of those that continued with the scam incurring monetary loss.
ETtech
Consumers in India experienced a fairly high online fraud encounter rate of 69% in the past year, according to the Microsoft 2021 Global Tech Support Scam Research report.
Further, 31% Indians lost money through a scam the highest globally.
Each month, Microsoft Corp. receives about 6,500 complaints globally from people who have been the victim of a tech support scam. This is down from 13,000 reports in an average month in prior years.
7 in 10 Indian consumers hit by tech support scams last year, highest globally: Microsoft survey
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Date Time
Australians most likely to fall victim to cyber scam, second only to India: Microsoft survey
68% of Australian consumers encountered a tech support scam over the past 12 months – nine points more than the global average of 59%.
One in four Australians who engaged with cyber criminals had money taken directly from their bank accounts.
Around one in three Millennials (aged 24-37) and Gen Xers (aged 38-53) who encountered such scams continued interacting with the scammer, while two in three males were likely to do the same.’
AUSTRALIA – JULY 23, 2021 – Microsoft today released findings of its 2021 Global Tech Support Scam Research report that looks at tech support scams and their impact on consumers. The new findings reveal Australians are among those most likely to fall victim to tech support fraud, second only to India in Asia Pacific, with 24% of those who engaged with cyber criminals reporting that they had unauthorised money transfers from their bank accoun
07/23/2021 | Press release | Distributed by Public on 07/22/2021 20:34
Australians most likely to fall victim to a cyber scam, second only to India: Microsoft survey
68% of Australian consumers encountered a tech support scam over the past 12 months - nine points more than the global average of 59%.
One in four Australians who engaged with cyber criminals had money taken directly from their bank accounts.
Around one in three Millennials (aged 24-37) and Gen Xers (aged 38-53) who encountered such scams continued interacting with the scammer, while two in three males were likely to do the same.
AUSTRALIA
JULY 23, 2021
- Microsoft today released findings of its 2021 Global Tech Support Scam Research report that looks at tech support scams and their impact on consumers. The new findings reveal Australians are among those most likely to fall victim to tech support fraud, second only to India in Asia Pacific, with 24% of those who engaged with cyber criminals reporting that they ha
Unexpected tech support? No thanks
Globally, one out of 10 Millennials and one out of 10 Gen Zers that encountered a scam fell for it and lost money. Credit: Dreamstime
Tech support scams appear to be declining globally, but those individuals most likely to continue interactions when targeted by scammers seem to be younger people, a potentially problematic trend as Millennials and Gen Zers climb the career ladder.
On 22 July, Microsoft released the findings from its
2021 Global Tech Support Scam Research report, which looks at tech support scams and their impact on consumers.
Microsoft commissioned YouGov for the global survey in 16 countries, including four Asia Pacific (APAC) markets: Australia, India, Japan and Singapore.
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