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
How prepared are companies for a potential cyber attack?
The risk of cybersecurity attacks increases year on year, particularly as cyber criminals are now leveraging more sophisticated technologies and...
A software supply chain attack that targets the banking sector
In a recent article, we highlighted the rise of software supply chain attacks. These types of attacks are very serious as, often, the target isn’t...
Software supply chain attacks: what are they and how to protect your business
There have been several examples of major global supply chains being disrupted due to ransomware attacks, such as the one affecting the automotive...