Digital safety, also known as cybersecurity or online safety, is the protection of information, devices, networks, and systems from cyberattacks, threats, or risks. Digital safety is becoming more important and valuable for people in the digital age, as they rely more on online platforms and services for various aspects of their lives, such as communication, education, entertainment, finance, health, and more. However, digital safety also comes with a price, both in terms of money and privacy.
According to a report by NortonLifeLock, a global leader in consumer cyber safety, people in India spent an average of Rs. 15,334 per person to resolve cybercrime incidents in 2020. The report also found that 59% of Indian adults experienced cybercrime in the past year, and 65% felt more vulnerable to cyber threats due to the COVID-19 pandemic. The most common types of cybercrime in India were device infections, identity theft, credit card fraud, and online harassment.
The report also revealed that people in India are willing to pay a premium for digital safety. For example, 80% of Indian adults said they would pay more to do business with organizations that protect their data and online privacy. Moreover, 77% of Indian adults said they would pay more for connected devices that offer greater security features.
However, digital safety also has a privacy cost. According to a survey by Kaspersky, a global cybersecurity company, 64% of Indian consumers are concerned about their online privacy, but only 25% use privacy tools to protect their digital identities. The survey also found that 46% of Indian consumers have shared their passwords with someone else, and 39% have used public Wi-Fi networks without a VPN.
The survey also showed that people in India are willing to trade their privacy for convenience or benefits. For example, 63% of Indian consumers said they would share their personal data with companies in exchange for free products or services. Moreover, 55% of Indian consumers said they would share their personal data with the government if it helps improve public services or security.
These findings suggest that people in India value digital safety, but they also face challenges and dilemmas in achieving it. They need to balance the costs and benefits of digital safety, and make informed and responsible choices about their online behavior and data sharing. They also need to be aware of the risks and threats that exist in the digital space, and take preventive and protective measures to safeguard their online security and privacy.
The Risks and Benefits of Digital Wallets: What You Need to Know
Digital wallets are applications or devices that allow users to make electronic transactions using their smartphones, computers, or wearable devices. Some of the benefits of digital wallets are convenience, speed, and lower fees. However, some of the risks of digital wallets are fraud, theft, and hacking.
According to a report by NortonLifeLock, a global leader in consumer cyber safety, 46% of Indian consumers have experienced or know someone who has experienced fraud or identity theft related to their digital wallet in the past year. The report also found that 52% of Indian consumers are concerned about the security of their digital wallet, and 42% are not confident that their digital wallet provider can protect their data and money.
The report also suggested some tips for users to protect their digital wallet and avoid becoming a victim of cybercrime, such as:
• Choose a reputable and trusted digital wallet provider that has strong security features and policies.
• Use a strong and unique password for your digital wallet account, and change it regularly.
• Enable multi-factor authentication for your digital wallet account, such as a PIN, fingerprint, or face recognition.
• Do not share your digital wallet credentials or QR code with anyone, and do not use public Wi-Fi networks or devices to access your digital wallet.
• Check your digital wallet transactions and balance regularly, and report any suspicious or unauthorized activity to your digital wallet provider immediately.
Digital wallets are good, but they also require users to be vigilant and responsible for their online safety. By following these tips, users can enjoy the benefits of digital wallets without compromising their security and privacy.