United States Reported Less Data Breaches in 2020 but with much more Expensive Successful Hacker Attacks
According to the annual report of the Identity Theft Resource Center (ITRC), 1,108 cyber incidents were reported in 2020 and the number casualties from these incidents was close to 301 million people, a drop of 66% over the previous year.
The social engineering technique of impersonation also helped attackers reap massive profits:
The volume of business fraud and hacking by corporate e-mail systems (BECs) reported to the FBI in 2020 was US$ 1.8 Billion – a figure that reflects half of all cyber damage in monetary terms.
“The trend away from mass data breaches and toward more precise and sophisticated cyberattacks doesn’t mean businesses can relax. Just the opposite. They need to learn whole new ways of protecting their data.”
– James E. Lee, ITRC COO
Read more about Examples and Numbers of Social Engineering Hacker Attacks ›
Save Your Company from Social Engineering Attacks Like that
Register and Get your Personalized Free Exposure Report NOW
and See your where your Company is Exposed to Hackers
Recently Published on our Blog
5 dangers of using generative AI
Generative AI, such as ChatGPT or Google's Bard, has revolutionised the way we work and use the internet. However there are some dangers that you...
European Cybersecurity Month focuses on social engineering
Throughout the month of October, the EU holds their annual cybersecurity campaign which focuses on promoting cybersecurity among EU citizens and...
Are governments prepared for cyber attacks?
Private companies aren’t the only target for cyber criminals. As we’ve seen in the past with attacks to major public infrastructure, such as the...