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
Read more about Examples and Numbers of Social Engineering Hacker Attacks ›
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From Clicks to Confidence: How Security Awareness Training Slashes Phishing Risks by 86%
🎯 Phishing Clicks Dropped by 86% – Here’s How
📉 A recent study reveals that Security Awareness Training (SAT) can reduce phishing susceptibility by up to 86% within a year.
🏢 Larger organizations are at greater risk, with over 10,000 employees showing a 40.5% baseline vulnerability, compared to 24.6% in smaller firms.
🧠 Continuous, tailored training is key to transforming employees from potential liabilities into cybersecurity assets.
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Manufacturing’s Cybersecurity Crisis: Why Legacy Systems and Supply Chains Are the New Frontlines
🏭 Manufacturing Under Siege: Cyber Threats You Can’t Ignore
🔧 Legacy systems in manufacturing are becoming gateways for cybercriminals.
🔗 Interconnected supply chains mean a breach in one vendor can compromise multiple organizations.
💸 Unscheduled downtime is draining 11% of annual revenues from top manufacturers.
🖥️ The merging of IT and OT systems allows threats to move seamlessly across networks.
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