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
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Scattered Spider: The Silent Threat Exploiting IT Support Teams
🕸️ Scattered Spider’s Sneaky Attack on IT Support Teams
The most dangerous cyberattacks don’t always come from code – they come from exploiting human trust.
Scattered Spider, a cybercriminal group from the US and UK, has mastered this by targeting IT support teams with sophisticated voice phishing (vishing) and impersonation.
By pretending to be legitimate employees, they trick IT teams into resetting passwords or bypassing multi-factor authentication (MFA). This approach slips past even strong technical defenses.
What’s more alarming? They partner with ransomware-as-a-service groups like DragonForce to launch full-scale attacks after gaining entry.
This shows why strengthening human defenses is now as crucial as firewalls and antivirus software.
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