Important Statistics about Cybercrime for 2023

The cybersecurity landscape constantly changes, and keeping up with it cannot be easy. But knowing the most important cybercrime statistics can help you better protect yourself. Despite awareness increasing, most people still trade safety for convenience. Activating two-factor authentication and maintaining good password hygiene help keep your devices secure.

Data Breaches

Cybercriminals are attacking businesses more than ever, and the damage they cause is staggering. From compromising individuals’ privacy to damaging companies’ reputations and finances, cyber attacks are becoming increasingly serious and difficult to stop. With global cybercrime damages projected to reach $10.5 trillion by 2025 (Cybersecurity Ventures), business owners need to understand how serious the issue is and what steps can be taken to protect their assets. In March of this year, 41.9 million records were breached worldwide. These breaches expose many personal information, including driver’s licenses, passport numbers and monthly financial statements.

In the US, sextortion remains a popular cybercrime. Victims face extortion demands to share photos or videos of them engaging in sexual activity. The IC3 department receives around 18,000 sextortion complaints per year. Despite this, victims can take steps to protect themselves. For example, they can invest in stronger security controls and take part in regular cyber training to decrease cyber crime statistics.

Malware Infections

Malware infections have increased, with cybercriminals targeting businesses, government organizations, and individuals. These assaults may have disastrous effects, revealing private information through data breaches and disrupting essential services like healthcare. A single attack can cost a healthcare provider $112 million, including restoring data, downtime, and rerouting patients. And this doesn’t even include the cost of ransom to retrieve lost data. Other attacks target companies, using botnets to steal credentials and launch distributed denial-of-service attacks. These bots can also be used for cryptojacking, which involves infecting devices with malware to use their processing power to verify blockchain transactions and earn cryptocurrency.

Small businesses are the heart of the US economy and are often the victims of malware attacks. Cybercriminals know that small business owners need more resources or expertise to protect themselves against these threats. It is why they need to bolster their cybersecurity and take steps to prevent cyber attacks. Moreover, the threat landscape constantly evolves, and organizations must have strong defenses.

Hacking Attempts

Cyberattack threats rise as people’s reliance on digital technology grows. Whether you’re a healthcare organization, financial institution, or business leader, it’s important to prioritize cybersecurity awareness. This way, you can minimize your risk of becoming a cyberattack victim. One of the most common cyberattacks is ransomware, which involves hackers stealing sensitive information or data and demanding payment. These attacks can be costly for businesses, and they may also damage customer trust.

Another common cyberattack is sextortion, which involves cyber criminals threatening to release sensitive photos or videos of the victim. This attack is particularly dangerous for people living alone, as it can lead to serious physical violence or murder. Cybercriminals are getting more creative with their attacks and using multiple platforms to lure victims. For example, phishing attacks involve scammers sending fake emails to unsuspecting recipients. This attack can be very effective and is a major threat you should watch in 2023. Installing security tools, being aware of strange activity, and using safe online practices may all help you defend against phishing attempts.

Scams

There are a lot of scams that cybercriminals use to steal information and money from people. It includes phishing, ransomware, social engineering, and more. While it’s impossible to prevent these attacks fully, you can take steps to protect yourself, such as using antivirus software and activating two-factor authentication on all your devices. Scammers are getting more creative in their tactics and using more platforms to reach people. One example is impersonation scams, which involve fraudsters posing as law enforcement or other authority figures to extort money from victims. These scams have been around for a long time, but they’re still very popular and are getting more effective.

Another common cyberattack is malware, malicious software that infects a device and can do much damage. It can slow down computers, compromise data privacy, and lock people out of their files. Malware can be found on various devices, including desktop computers, laptops, tablets, and smart home appliances. Even though most devices have antimalware software installed, malware is still a big problem.

Phishing Attacks

Phishing accounts for 30 percent of all social engineering attacks. A phishing scam involves tricking users into sending sensitive information to criminals via email. These attacks can include malicious links or bogus attachments. Cybercriminals are getting smarter and more targeted. They use spear phishing to target large organizations and high-profile individuals. It is why we expect to see more of these attacks in 2023.

Sextortion scams are another type of phishing attack. These scams typically involve sending a fake threat to the victim, such as exposing confidential information or demanding a ransom payment. According to the FBI, these threats cost companies more than $325 million in losses in 2021 alone. Phishing is still a major problem in many workplaces. A recent study found that employees click on phishing emails more often than other spam. Employees are most likely to click on phishing messages that impersonate HR or payroll personnel.