"The latest findings from the Microsoft Computing Safety Index reveal the impact of not taking proactive steps to protect ourselves can have significant repercussions both financially and professionally," said Stephanie Hung, Director, Public Sector, Microsoft Singapore.
According to the MCSI survey, the annual worldwide impact of phishing and various forms of identity theft could be as high as US$5 billion, with the cost of repairing damage to peoples’ online reputation higher yet at nearly US$6 billion, or an estimated average of US$632 per loss.
In Singapore, where 529 users were polled:
· 12% said they were victims of a phishing attack, losing on average US$158 or about S$200 (Global figures are 15% and US$158 respectively)
· 8% said their professional reputation had been compromised, costing on average US$552 or S$700 to repair (Global figures are 13% and US$535 respectively)
· 7 percent said they had suffered identity theft at an average cost of US$197 or S$250 (Global figures are 9% US$218 respectively)
*Now it its third year, the Microsoft Computing Safety Index (MCSI) survey measures the online safety behaviour of almost 10,500 consumers in 20 countries. The survey was conducted March through May 2013 and asked consumers to share their online experiences for the 12 months prior. Countries in the survey include Australia, Belgium, Brazil, Canada, China, Egypt, France, Germany, India, Indonesia, Japan, Malaysia, Mexico, Russia, Singapore, Spain, South Korea, Turkey, the United Kingdom, and the United States.