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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🚨 A recent survey reveals that 80% of managers believe their employees lack basic cybersecurity awareness.
🤖 44% of managers fear their employees won’t recognize AI-driven attacks, highlighting the increasing sophistication of cyber threats.
📉 Despite acknowledging the importance of cybersecurity training, only 48% of managers are implementing regular programs.
🌍 In Israel, only 54% of employees view cybersecurity training positively, compared to 86% globally.
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🚨 Professional Services Are in Cyber Focus
📊 Law, accounting, consulting firms handle privileged info that attackers want.
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📧 Phishing, invoice fraud, business email compromise are frequent tactics.
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✅ AUMINT.io simulates risk, audits vendors, and builds resilience for firms under siege.
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