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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Luxury Brands Cartier and The North Face Breached in Latest Cyberattacks
🛡️ Cartier and The North Face Breached in Latest Cyberattacks
Luxury brands Cartier and The North Face have recently reported data breaches, exposing customer information such as names and email addresses. While financial data remains secure, these incidents underscore the escalating cyber threats in the retail sector.
Key takeaways:
Cartier’s breach involved unauthorized access to limited customer data.
The North Face suffered a credential stuffing attack affecting nearly 3,000 customers.
Experts recommend implementing multi-factor authentication and regular security audits.
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