19 web users fall victim to online crime every minute, says Symantec.
According to the security firm's annual Norton Cybercime report, only 16 percent of victims of online crime are report the incident to the police.
Nearly a third (31 percent) of Brits have been a victim of cybercrime in the last year, that's three times the number that have been victims of street crime (10 percent) in the same period. Furthermore, online crime costs the UK around £1.1bn every year.
The security firm also revealed there has been a surge in 'cyber snooping,' where Brits are targeting their nearest and dearest to check-up on their online activities. One in five women admit to logging into their partner's email or social network account without their knowledge, while just one in ten men claim they've participated in the same activity. Furthermore, 15 percent of women that admitted to 'cyber snopping' have subsequently argued with a partner over their findings compared to seven percent of men.
Over half (52 per cent) of under 25 year-olds share their email or social network passwords with their partner compared to just 33 percent of those aged 45 to 54.
Norton said 'Cyber snooping' is one symptom of a broader willingness among the British public to deceive or lie online. When it comes to lying about your age online, 13 percent of those surveyed admitted they had altered their date of birth, while nine percent of women lie about their weight online, with the same amount of men lying about their financial status.
Furthermore, 24 percent of Brits admitted to adopting a fake identity online, with 17 percent claiming it was to present a better image of themselves.
"The financial cost of cybercrime is hitting Brits in the pocket, but this year's Norton Cybercrime Report has also found questionable online ethics among the general population," said Simon Ellson, Norton's internet security expert.
"The core danger for people in the UK still lies in organised cybercrime and the sort of security attacks we've become accustomed to seeing in the news. But our research raises some serious questions around privacy and the boundaries people are willing to cross in their own online dealings."
Norton's research comes on the same day life assistance company CPP revealed 13 percent of Brits admitted to be 'casual hackers' and gaining access to someone's online account without their knowledge. Of these, 29 percent said they did it because they wanted to keep tabs on a partner.