#CyberFLASH: Canadians share online passwords despite cybercrime worries

imageOne-quarter of Canadians with online passwords have shared their codes, even though Canucks are more paranoid than their global peers about cybercrime, according to a study by internet security company Norton.

Fully 86 per cent of Canadian respondents to the Norton Cyber Security Insights Report also said they are worried they’ll be the victim of an online crime, compared to an average of 80 per cent among the 17 countries studied.

Cyber breaches are top of mind for many Canadians following a series of headline-grabbing hacks, including the Ashley Madison user leak, the theft of tax information from the Canada Revenue Agency and an epic hack of Target’s credit card database.

“But it’s not just something written about in the paper, it’s something that has happened to them,” said Kevin Haley, director of security response at Norton parent company Symantec.

More than seven million Canadians lost a total $2 billion and nearly half a day’s worth of time dealing with the fallout from cyber crime last year, said the report. Credit card fraud was the most commonly cited type of online crime, followed by unauthorized access to emails.

About 74 per cent of Canadian respondents said they believe they’re more likely to have their credit card details stolen while shopping online than from their wallets. That was higher than the global average of 62 per cent.

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