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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Why Employee Logins Are Today’s Most Valuable Cyber Currency
🔐 Employee Logins Are Hackers’ Most Valuable Target
🚨 Hackers aren’t just after customer data anymore – your employees’ login credentials are now the key to entire corporate networks.
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Why Mobile Phishing Is Your Team’s Biggest Blind Spot
📱 Over Half Still Fall for Mobile Phishing
🚨 51% of employees still click on phishing links delivered via mobile.
📲 These aren’t spammy emails – they’re believable SMS, fake MFA prompts, spoofed login pages, and QR lures.
🔓 All it takes is one tap to expose the entire organization.
🔍 Mobile phishing often bypasses traditional email filters and goes undetected by security teams.
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