Worrying Cyber Crime Statistics for 2021-2022
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More than half a million people around the globe have been affected by data breaches in the period between February and May 2020 alone. Personal information was stolen and sold on the dark web. The risk of being hacked has been increasingly rising throughout the past two years and the curve we are keeping our eyes on during the pandemic doesn't seem to go down. Cybercrime has been steadily increasing during this period thanks to the Covid-19 pandemic and the explosion of scams. Businesses struggle to keep up with the new digital transformations to adjust to the "new normal" of working from home and cybersecurity has become more worrying than ever before. Besides the continuous warnings from IT Experts about the dangers of cyberspace, it seems like more and more companies fall victims to cybercriminals.
It's already known that cybercrime has existed for years, but the pandemic, the percentage of the population on the world wide web and the amount spent online nowadays simply provided more opportunities for hackers to devastate our systems. Before we dive into the cybercrime statistics of 2021 - 2022, let's take a look at what cybercrime really is.
What is Cybercrime really?
The term can be used for an array of different cyber-related security incidents and activities. Any action that is illegally taken to disrupt a process or steal data is considered a cybercrime. Here are some of the most common types:
These are but a few examples of cybercrime occurring worldwide. One of the most common methods hackers use nowadays is phishing. And it has increased exponentially during the pandemic. It is a tactic established to deceive people into giving away personal information (passwords, credit card numbers) by using fake websites or emails. According to Google, 149,900 active phishing websites have been detected in January 2022. Now, take a look at the rise: 293,000 fake websites in February and 522,000 in March 2022. That is a 350% increase over January!
Cyber Crimes Can Cost You a Lot of Money and Seriously Affect your Mental Well-Being
The losses can be catastrophic and may cause irreparable harm to victims. A cyber attack can have serious consequences, regardless of whether you have an organisation or you're an individual. According to a 2018 data analysis from Third Way, "less than 1% of malicious cyber incidents see an enforcement action taken against cyber criminals". This means that most hackers get away with essentially 99% of their crimes without law enforcement doing anything about it. Let's take a look at some of the largest financial consequences:
Insider Threats are becoming a huge risk for organisations around the globe. According to Proofpoint's 2022 Cost of Insider Threats Global Report carried out by Ponemon Institute, shows that threat-related security incidents occur due to:
It's worth noting that this sum is more than all previous years' combined total fines. If your organisation is not secure and you fail to protect your customers' personal data, then you are in big trouble! If you are non-compliant with the latest privacy terms and regional regulations, then your business might face heavy fines and penalties.
An improperly protected web app is a door left wide open for cybercriminals to breach your organisation and affect your systems. If you do not put the effort to protect your web apps, then you're basically serving your sensitive data to cybercriminals.
A recent study by RiskIQ (which was acquired by Microsoft in 2021) shows that an average cybersecurity incident costs $1,797,945 per minute! Yikes! This could be a serious problem and it could heavily affect your business's financial well-being.
According to IBM's 2021 Cost of a Data Breach Report, the data breaches that occurred between May 2020 and March 2021 cost an average of $4,24 million. And this average price tag seems to be rising every other year.
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According to IBM's 2021 Cost of a Data Breach Report, the data breaches hat occurred between May 2020 and March 2021 cost an average of $4,24 million. And this average price tag seems to be rising every other year.
There is a 25% increase in phishing accidents in the last year. According to Verizon's 2021 Data Breach Investigation Report, phishing was responsible for nearly two in five data breaches. This only confirms the grave importance of nurturing a cyber aware culture in your organisation and providing up-to-date cyber awareness training to your employees.
Based on the 2021 Credential Stuffing Report done by F5 Labs and published by Shape Security, 1,86 Billion Credentials such as names and last names, passwords, usernames, email addresses into various fields have been leaked online in 2020 alone!
According to Atlas VPN, almost half of the global fraud attacks involved brand abuse. Cybercriminals used famous brands to communicate with the victims via emails, social media or other channels, impersonating your favourite brand and trying to trick you into providing sensitive data.
Important Cybersecurity Factors to Consider in 2022
We cannot stress enough how important is to focus on quality cyber awareness training for you and your employees. It represents one of the major risk factors that cause organisations to be hit by cybercriminals. Your organisation's workforce must be trained on cyber security best practices and learn how to recognise and respond to a cyber threat.
In 90% of the cases, human error is the main reason why businesses are being breached. What is more worrying is that issue has been ranked on the top for the second year in a row. This means that companies need to take a serious look at this problem and consider having cyber awareness training to minimise the risk.
Secure Your Future
Hackademic provides proven, affordable, certified courses rigorously assessed by the NCSC. Our mission is to establish a safer, digital world for everyone and answer the shortage of cybersecurity experts with bespoke, up to date cyber awareness training. We aim to supercharge your talent with skills by using a cutting edge technology and innovative approach that will guarantee 100% that you will come out with the latest cyber security knowledge and skill sets. Our courses are led by 20+ military veterans, experts renowned globally and on-par with the NSA.
As cybersecurity threats arise, Hackademic stands up to ensure you stay on top of any issues that could devastate you or your company. Join us, now: