Globally, there were more than 556 million victims and the cost were $110 billion, reported Xinhua.
Even though 37 percent of Australians fell victims to cyber crime over the last year, and one in 10 people in the country admitted to falling victim to a scam or fake link on social networking, less than half of them used any sort of security protections to help avoid social networking threats.
Only 55 percent used the privacy settings provided on sites like Facebook to help them control what information they share and with whom.
Source: IANS