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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Ransomware attacks are now exploiting the convergence of IT and OT networks, hitting operational systems and business IT simultaneously.
Legacy OT devices often lack modern security, creating easy entry points for attackers.
Once inside, ransomware can propagate across networks, locking critical systems and threatening operations.
Human error and social engineering remain top vulnerabilities, with attackers leveraging AI-enhanced tactics to deceive employees.
Many organizations are underprepared – insufficient monitoring, outdated protocols, and lack of employee awareness leave critical systems exposed.
AUMINT.io provides advanced simulations, training, and real-time dashboards to help teams detect, respond, and prevent ransomware attacks across IT and OT systems.
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Attackers are exploiting Azure cloud vulnerabilities with Storm0501 ransomware, encrypting data and demanding ransoms.
Organizations face severe disruption as backups and critical processes are targeted.
Cloud-specific weaknesses like misconfigured storage and weak authentication make these attacks more effective.
Human error remains a key vulnerability – even sophisticated clouds can be compromised if employees are unprepared.
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Most organizations are unprepared for AI-driven cyberattacks.
86% of executives reported AI-related security incidents last year, yet only 4% of organizations can effectively defend against them.
Nearly half of employees use unsanctioned AI tools, and 60% of organizations cannot detect Shadow AI activities.
From identity management to endpoint reliability and cloud hardening, most companies are still in the early stages of implementing necessary protections.
These gaps leave your organization exposed to highly sophisticated AI-based attacks.
At AUMINT.io, we provide tailored simulations, employee training, and dashboards to strengthen defenses across all critical areas.
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