Scam artists used a variety of sophisticated schemes to separate Americans from their money in 2018. Those schemes resulted in the loss of a whopping $18 billion to consumers and individuals in the U.S. last year.
That information comes courtesy of Website Builder Expert (WBE). It is a website building and launching platform. WBE came to its conclusions from data produced by the FBI’s Internet Crime Report and from the Insurance Information Institute (I.I.I.).
WBE — as well as most of us — finds the the $18 billion lost shocking. It’s even more shocking when you consider the billions spent each year to combat cybercrime and make websites and other Internet sources safe.
Apparently — and obviously — those measures are not working all that well.
WBE used the statistics from the two reports that show individual complaints to determine which states are most vulnerable and which are the safest. Two PIA Western Alliance states — California and Washington — are on the list of the most vulnerable.
Vermont is the safest. California the least.
Here are the stats for the two PIA Western Alliance states in the top-15:
• 2018 complaints — 55,774
• Average growth per year in reported crimes — +515
• Average cost per incident — $5,900
• 2018 complaints — 9,011
• Average growth per year in reported cybercrime — +351
• Average cost per reported incident — $3,572
Ironically, WBE says California — unfortunately — will likely have more cyber complaints in 2019 than the bottom 27 states
Here’s the list of the 15 most vulnerable states:
5. New York
10. New Jersey
11. North Carolina
The cybersecurity firm McAfee released a report late last year that says cybercriminals are putting out 480 new threats per minute. That frightening statistic comes from
McAfee Labs Threats Report: December 2018.
McAfee’s lead scientist Christiaan Beek said malware attacks were up 73% in the third quarter of 2018.
“Cybercriminals are eager to weaponize vulnerabilities both new and old, and the number of services now available on underground markets has dramatically increased their effectiveness,” he said. “As long as ransoms are paid and relatively easy attacks, such as phishing campaigns, are successful, bad actors will continue to use these techniques.”
Source links: PropertyCasualty360.com, Venture Beat