Disturbingly, 69 per cent of Hong Kong respondents said they had been financially impacted, with two companies stating they had each suffered a loss of HK$7.8 million (US$1,000,000) or more. “Most cybersecurity budgets at U.S. organizations are increasing linearly or flat, but the cyberattacks are growing exponentially,” says CSC’s Montgomery. ", IC3, Loss through cyber crime in the United States in 2019, by victim state (in million U.S. dollars) Statista, https://www.statista.com/statistics/234993/us-states-with-the-largest-losses-through-cybercrime/ (last visited December 24, 2020), Loss through cyber crime in the United States in 2019, by victim state, Leading cyber crime victim loss categories 2019, Financial cyber crime losses in the U.S. 2019, by victim state, Most commonly reported types of cyber crime 2019, Number of complaints about internet crime 2000-2019, Distribution of malicious data breaches 2019, by region, U.S. opinion on increasing cybercrime risk 2018, Level of cybercrime risk awareness among U.S. adults 2018, by region, Assessment of personal internet protection in the U.S. 2018, Assessment of personal data safety on the internet in the U.S. 2018, Awareness of risks related to the internet in the U.S. 2018, Assessment of internet risks in the U.S. 2018, Negative experiences on the internet in the U.S. 2018, Leading cyber threats encountered by U.S. internet users 2018, Concerns about cybercriminal activity among U.S. adults 2018, U.S. adults on relevance of cybercrime as a challenge to internal security 2018, U.S. perception towards police response to fight cybercrime 2018, U.S. internet user online identity theft rate 2018, U.S. internet users who have experienced cyber bullying 2020, U.S. consumers who have personally experienced hacking 2018, Dark web market price for stolen credentials 2019, U.S. social media user account privacy 2018, U.S. social media user account privacy 2018, by age group, U.S. online users who feel their data is vulnerable to hackers 2019, U.S. online users who feel their data is vulnerable to hackers 2019, by gender, U.S. online users who feel their data is vulnerable to hackers 2019, by age group, U.S. online user trust in social network data and privacy protection 2020, Main concerns of U.S. Facebook users 2018, Reasons U.S. Facebook users share less content on social media 2018, Online privacy and anonymity strategies of U.S. internet users 2018, U.S. internet users using the same password across accounts 2018, U.S. internet users using the same password across accounts 2018, by age group, Password change rates for online services among U.S. adults 2018, Methods of U.S. adults keeping track of login information 2019, Methods of U.S. adults keeping track of login information 2019, by age group, Costs of external consequences of cyber attacks on businesses 2018, Reported loss of scams in Australia 2019 by leading category, Number of reported online fraud incidents in Finland 2015-2016, by type, Total number of reported online fraud incidents in Finland 2015-2016, Change in the number of reported online fraud incidents in Finland 2016, by type, Leading cyber crime forensics types in the U.S. 2018, User experiences with internet and cyber crime in Germany 2015, Share of internet users experiencing cases of cyber crime in Germany 2016, Internet users with devices infected by virus asking for money in Spain 2014, by age, Average time to resolve a cyber attack on U.S. companies 2015, Cyber crime damages caused to U.S. companies though web-based attacks 2015, by size, Number of online shopping scams handled by Hong Kong police 2016-2018, Average financial business damages via cyber attacks worldwide 2018, Reported losses of leading scams targeted at businesses Australia 2019 by type, Frequency of experiences of device hacking-related extortion in the UK 2019, Share of internet users who encountered child pornography online in Spain in 2014, Loss through cyber crime in the United States in 2019, by victim state (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Posted October 07, 2019 06:00:43 Top Stories. Update, Insights into the world's most important technology markets, Advertising & Media Outlook It can result in major financial losses for the … And Verizon's breach report confirms that's the primary motivation behind cybercrime: 71 percent of breaches reported were financially motivated. N ew technologies are exposing financial services firms to greater vulnerabilities. In 2016, Uber reported that hackers stole the information of over 57 million riders and drivers. Go here to send me story tips, feedback and suggestions. Supply chain attacks are up 78% in 2019. Disturbingly, 74 per cent of Chinese respondents said they had been financially impacted, with two companies stating they had each suffered a loss between RMB3.4 million (US$500,000) and RMB6.8 million (US$1 million). Profit from additional features by authenticating your Admin account. Cybercrime may threaten a person, company or a nation's security and financial health.. Statista. According to the Javelin study, account takeovers tripled in 2017 from 2016, and losses totaled $5.1 billion. Chart. A 2017 report from Cybersecurity Ventures predicted ransomware damages would cost the world $5 billion in 2017, up from $325 million in 2015 — a 15X increase in just two years. The world will store 200 zettabytes of data by 2025, according to Cybersecurity Ventures. This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined. Over the past fifty-plus years, the world’s attack surface has evolved from phone systems to a vast datasphere outpacing humanity’s ability to secure it. dollars)." In 2016, 3 billion Yahoo accounts were hacked in one of the biggest breaches of all time. Losses due to crime can pose immense financial hardships, and the Internal Revenue Service recognizes this by allowing taxpayers to deduct crime-victim expenses on their tax returns. (Ponemon Institute’s Cost of Data Breach Study) Damage related to cybercrime is projected to hit $6 trillion annually by 2021. A Washington think tank has estimated the likely annual cost of cybercrime and economic espionage to the world economy at more than $445 billion — or almost 1 percent of global income. While the cost of resolving some attacks has declined (for … A 2017 report from Cybersecurity Ventures predicted ransomware damages would cost the world $5 billion in 2017, up from $325 million in 2015 — a 15X increase in just two years. Then you can access your favorite statistics via the star in the header. Likewise, government contractor Miracle Systems, which provides IT and engineering services to over 20 federal agencies, recently suffered losses … The Top Influencers And Brands, Top 5 Cybersecurity Facts, Figures & Statistics 2020-2021, Ransomware Damages To Hit $20 Billion in 2021, Up 57X from 2015, Women Represent 20 Percent of Global Cybersecurity Workforce In 2019, 70% of Cryptocurrency Transactions will be for Illegal Activity by 2021, 6 Billion Internet Users by 2021; 75% of the World’s Population Online, The World Will Need To Protect 300 Billion Passwords by 2021, MSSPs (Managed Security Service Providers), Privileged Account Management (PAM) Companies, Fortune 500 Chief Information Security Officers (CISOs), Who’s Who In Cybersecurity? The global cost of cybercrime has now reached as much as $600 billion — about 0.8 percent of global GDP — according to a new report. Then you will be able to mark statistics as favourites and use personal statistics alerts. Including turnover of customers, increased customer acquisition activities, reputation losses and diminished goodwill, the cost of lost business globally was highest for U.S. companies at $4.13 million per company. Banks and other financial institutions are considered one of the top targets and have lead to the loss of billions of customers’ records over the past few years. INTRUSION’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. A Better Business Bureau survey found that for small businesses — which make up more than 97 percent of total businesses in North America — the primary challenges for more than 55 percent of them in order to develop a cybersecurity plan are a lack of resources or knowledge. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Cyber crime: number of breaches and records exposed 2005-2020, Cyber crime: biggest online data breaches as of 2020, IC3: total damage caused by reported cyber crime 2001-2019, Spam e-mail: leading countries of origin of spam 2020. Cybercriminals are pilfering a staggering volume of data and money from companies around the world.The damage from hacks costs businesses $400 billion … McAfee, today, released a new global report titled “The Hidden Costs of Cybercrime,” which focuses on the significant financial and unseen impacts that cybercrime has worldwide. As of June 2013, according to Norton reports, India had 42 million cybercrime victims, 52% of whom suffered financial or some other kind of loss due to hacking, scams, fraud and theft. 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