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 ›
Save Your Company from Social Engineering Attacks Like that
Register and Get your Personalized Free Exposure Report NOW
and See your where your Company is Exposed to Hackers
Recently Published on our Blog
When Your CEO Isn’t Your CEO: The Deepfake Wake-Up Call for Enterprise Security
🎭 Deepfake Deception: When Your CEO Isn’t Real
📹 A finance executive receives a video call from their CEO, urgently requesting a fund transfer.
🧠 The face and voice are convincing, but it’s a deepfake—a sophisticated AI-generated impersonation.
⚠️ Deepfakes have become alarmingly accessible, with creation costs dropping from £20,000 to £20 in a year.
🔍 Even trained professionals struggle to detect them; in finance industry tests, 50% failed to identify deepfakes.
🔐 This isn’t just a cybersecurity issue; it’s a paradigm shift requiring comprehensive strategies encompassing identity verification, secure communications, and rapid response protocols.
💼 At AUMINT.io, we provide tailored solutions to help organizations recognize and combat deepfake threats effectively.
👉 Book a free strategy session to fortify your defenses against this emerging menace.
#CyberSecurity #DeepfakeThreat #IdentityVerification #AUMINT #CISO #RiskManagement
The Human Firewall: Strengthening Your Business Against Social Engineering Attacks
🔐 Social Engineering: The Hidden Threat to Your Business
🎯 Cybercriminals are shifting focus from systems to people, exploiting human psychology to breach security.
📧 Phishing emails, deceptive phone calls, and baiting tactics are on the rise, targeting unsuspecting employees.
🛡️ Employee training and robust verification protocols are essential defenses against these manipulative attacks.
💼 At AUMINT.io, we provide tailored solutions to strengthen your human firewall.
👉 Book a free strategy session to fortify your business against social engineering threats.
#CyberSecurity #SocialEngineering #EmployeeTraining #AUMINT #CISO #RiskManagement
When Cybercriminals Play Cop: The Rise of Authority Impersonation Scams
🚨 Cybercriminals Impersonate Police to Deceive Banks
📧 A recent surge in scams involves fraudsters sending emails that appear to be from law enforcement, instructing banks to freeze accounts or transfer funds.
🔍 These emails are meticulously crafted, featuring official logos, legal terminology, and urgent directives, making them highly convincing.
⚠️ The exploitation of authority and urgency can lead to hasty decisions, resulting in significant financial losses and reputational damage.
🛡️ Financial institutions must implement robust verification protocols and provide ongoing employee training to recognize and counteract these sophisticated scams.
💼 At AUMINT.io, we offer tailored solutions to help your organization detect and prevent authority impersonation fraud.
👉 Book a free strategy session to safeguard your institution against evolving cyber threats.
#CyberSecurity #SocialEngineering #AuthorityImpersonation #BankFraud #EmployeeTraining #AUMINT #FinancialSecurity #CISO #RiskManagement