{"id":4503,"date":"2022-12-05T12:24:00","date_gmt":"2022-12-05T06:54:00","guid":{"rendered":"https:\/\/www.kratikal.com\/blog\/?p=4503"},"modified":"2024-08-12T10:20:26","modified_gmt":"2024-08-12T04:50:26","slug":"increase-in-cybercrime","status":"publish","type":"post","link":"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/","title":{"rendered":"An Increase in Cybercrime Continues to Haunt Cyber World"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The world is now more connected than ever before. Businesses are becoming more vulnerable to hackers as they host most of their data online, including customer data. Nowadays, the increase in cybercrime is becoming a huge problem. More than 70 people and organizations that teamed up to commit the most serious crimes against the U.S. are on the <\/span><a style=\"color: #000000;\" href=\"https:\/\/www.fbi.gov\/wanted\/cyber\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">FBI\u2019s list of Cyber Most Wanted<\/span><\/b><\/a><span style=\"font-weight: 400;\">. The cyber attack must be purposeful and not accidental in order to qualify as cybercrime.<\/span><\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #414141;color:#414141\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #414141;color:#414141\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#What_is_Cybercrime\" >What is Cybercrime?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Book_a_Free_Demo_Call_with_Our_People_Security_Expert\" >Book a Free Demo Call with Our People Security Expert<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Enter_your_details\" >Enter your details<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Is_Cybercrime_Increasing\" >Is Cybercrime Increasing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Why_is_Cybercrime_Increasing\" >Why is Cybercrime Increasing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#What_are_the_Impacts_of_Cybercrime\" >What are the Impacts of Cybercrime?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Increased_Cost\" >Increased Cost<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Operational_Disruption\" >Operational Disruption<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Reputational_Cost\" >Reputational Cost<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#What_are_the_Economic_Costs_of_an_Increase_in_Cybercrime\" >What are the Economic Costs of an Increase in Cybercrime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Major_Statistics_of_Cybercrime_2021_%E2%80%93_2022\" >Major Statistics of Cybercrime: 2021 &#8211; 2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#How_Can_Organizations_Prevent_Cybercrimes\" >How Can Organizations Prevent Cybercrimes?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Protecting_People\" >Protecting People<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Protecting_Processes\" >Protecting Processes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Protecting_Data\" >Protecting Data<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/threatcop.com\/blog\/increase-in-cybercrime\/#Final_Thoughts_Increase_in_Cybercrime\" >Final Thoughts: Increase in Cybercrime<\/a><\/li><\/ul><\/nav><\/div>\n\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The most disturbing fact is that cybercriminals are becoming more <\/span><b>organized and agile, taking advantage of new technologies, customizing their attacks, and forming partnerships.<\/b><span style=\"font-weight: 400;\"> By the end of the 21st century, hardly a hamlet left on the planet had not been affected in some way by cybercrime.<\/span><\/span><\/p>\n\n<style type=\"text\/css\">\n      @media print, screen and (max-width: 63.99875em){\n      .tnp-submit\n      width: 48%;\n      }\n      .wp-block-tnp-minimal{\n      padding: 20px;\n      }\n      .blog_para\n      margin-top: 4px !important;\n      line-height: 25px !important;\n      font-size: 15px !important;\n      }\n\n      }\n      .blog_para{\n      font-family: jost,sans-serif;\n      margin-top: 14px;\n      margin-bottom: 30px;\n      color: #fff;\n      font-size: 15px !important;\n      color: black !important;\n\n      }\n\n      .wp-block-tnp-minimal{\n      padding:20px;\n      border: 1px solid grey;\n      }\n\n      .tnp-submit a{\n        background: #1d58c7!important;\n    border-radius: 5px!important;\n    text-transform: inherit!important;\n    padding: 8px 25px!important;\n    font-weight: 600!important;\n    color: #fff!important;\n    width: 30%!important;\n    border: none;\n      }\n\n      .blog_get{\n      font-size: 24px !important;\n      font-weight: 700;\n      padding-bottom: 0px;\n    font-family: 'Poppins' !important;\n      margin-bottom: 0px;\n      margin-top: 0px;\n      margin-bottom: 0px !important;\n      color: white;\n          line-height: 30px;\n          color: white;\n      }\n      .row{\n             display: flex;\n    flex-wrap: wrap;\n    flex-direction: row;\n    padding: 25px 0px 25px 36px;\n    align-items: center;\n\n      }\n\n.colLeft{\n         flex-basis:50%;\n    -webkit-box-flex: 0;\n    flex-grow: 0;\n    max-width: 50%;\n    color: white;\n}\n    \n .colRight{\n       flex-basis: 45%;\n    -webkit-box-flex: 0;\n    flex-grow: 0;\n    max-width: 50%;\n }\n\n.tnp-subscription-minimal{\n    float: right;\n}\n<\/style>\n<div style=\"max-width: 741px; margin: 0 auto; background-image: url('https:\/\/awareness.threatcop.ai\/marketing\/linkedinlowerbanner.webp'); background-repeat: no-repeat; background-size: cover; background-position: center; \">\n<div class=\"row\">\n<div class=\"colLeft\">\n<p class=\"blog_get\" style=\"font-family: 'Poppins' !important; color: white !important\">Subscribe to Our Newsletter On Linkedin<\/p>\n<p class=\"blog_para\" style=\"font-size: 16px;font-family: 'Poppins' !important; color: white !important; margin-top: 10px; margin-bottom: 28px;line-height: 25px;\">Sign up to Stay Tuned with the Latest Cyber Security News and Updates<\/p>\n\n<div>\n<div class=\"tnp\" style=\"margin-bottom: 10px;\">\n            <form action=\"https:\/\/threatcop.com\/newsletter-thank-you\" method=\"get\" target=\"_blank\">\n<div class=\"tnp-submit\">\n                  <a class=\"libutton\" href=\"https:\/\/www.linkedin.com\/build-relation\/newsletter-follow?entityUrn=7062043746430783488\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a><\/div>\n<\/form><\/div>\n<\/div>\n<\/div>\n<div class=\"colRight\">\n<div>\n<div class=\"tnp tnp-subscription-minimal \">\n            <img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/marketing\/newsletter-icon.webp\" class=\"img-fluid\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Cybercrime\"><\/span><span style=\"color: #000000;\"><b>What is Cybercrime?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Cybercrime is a criminal activity that targets individuals or computing devices, networks, or data centers. Cybercrimes are committed by both individuals and threat groups. Some online criminals are well-organized and they employ cutting-edge methods along with advanced technical skills. The primary motive of a cybercriminal is to leverage every possible thing that causes damage to IT infrastructure for financial gain. Apart from financial gain, they might carry it out for either a personal or political purpose.<\/span><\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n\n<head>\n    <meta charset=\"UTF-8\">\n    <meta http-equiv=\"X-UA-Compatible\" content=\"IE=edge\">\n    <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n    <title>Document<\/title>\n<\/head>\n\n<style>\n    .interestedBtn {\n        width: 80% !important;\n        box-sizing: border-box !important;\n        display: inline-block !important;\n        padding: 11px !important;\n        border: 1px !important;\n        border-color: #ddd !important;\n        margin-top: 10px !important;\n        background-color: #183e8b !important;\n        background-image: none !important;\n        text-shadow: none !important;\n        color: #fff !important;\n        font-size: 14px !important;\n        line-height: 20px !important;\n        border-radius: 5px !important;\n        margin: 0 !important;\n        cursor: pointer !important;\n        box-shadow: 0px 4.66px 22.99px 0px rgba(0, 0, 0, 0.10);;\n    }\n\n\n        .formSec .formSecTwo{\n            padding-top: 15px !important;\n            margin-bottom: 30px !important;\n        }\n\n\n    .tnp-email {\n        width: 80% !important;\n        box-sizing: border-box;\n        padding: 8px 10px;\n        display: inline-block;\n        border: 1px solid #ced4da;\n        background: #fff;\n        color: #000 !important;\n        font-size: 13px;\n        line-height: 20px;\n        border-radius: 2px;\n        padding-right: 30px;\n        margin-bottom: 0px;\n    }\n\n    .formSec {\n        border: 1px solid #ced4da;\n        float: left !important;\n        width: 55% !important;\n    }\n\n    .mainBox {\n       \/* border: 1px solid #183e8b;*\/\n         background: white;\n        max-width: 600px !important;\n        margin: 0 auto !important;\n        padding: 20px !important;\n        font-family: Arial, Helvetica, sans-serif !important;\n    }\n\n    .boxDiv {\n        display: flex !important;\n    }\n\n    .boxConsult {\n        float: left !important;\n        width: 45% !important;\n        padding: 10px !important;\n    }\n\n    .formSecTwo {\n        text-align:center !important;\n        width: 100% !important;\n    }\n\n    .formHeading {\n        font-family: Arial, Helvetica, sans-serif;\n        margin-top: 0px;\n        font-weight: 700;\n        line-height: 25px;\n        font-size: 18px !important;\n        \n       margin-bottom: 60px !important;\n       color: #000!important;\n          margin-top: 5px !important;\n    }\n\n    .fieldHeading {\n        margin: 0 !important;\n        font-size: 13px !important;\n        text-align: left !important;\n        margin: 0px 39px 2px 93px !important;\n        font-weight: 500 !important;\n    }\n\n    .image {\n        max-width:90% !important;\n        height: auto !important;\n    }\n\n     .email-icon {\n            position: absolute;\n            right: 50px;\n             top: 20px;\n            transform: translateY(-50%);\n            pointer-events: none; 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\/* Make sure the icon doesn't block clicking on the input *\/\n        }\n       \n        .email-container{\n             position: relative;\n        }\n\n    }\n<\/style>\n\n<body>\n\n    <div class=\"mainBox\" box-sizing:=\"\" border-box;=\"\">\n\n        <div class=\"boxDiv\">\n\n            <div class=\"boxConsult\">\n                <div>\n                    <h3 class=\"formHeading\" style=\" font-size: 16px !important;\"><span class=\"ez-toc-section\" id=\"Book_a_Free_Demo_Call_with_Our_People_Security_Expert\"><\/span>\n                        Book a Free Demo Call with Our People Security Expert<span class=\"ez-toc-section-end\"><\/span><\/h3>\n                <\/div>\n                <img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/form.svg\" class=\"image\">\n            <\/div>\n\n            <div class=\"formSec\">\n                <div class=\" formSecTwo\">\n                    <h4 style=\"margin-top: 0; font-size: 16px !important;\"><span class=\"ez-toc-section\" id=\"Enter_your_details\"><\/span>Enter your details<span class=\"ez-toc-section-end\"><\/span><\/h4>\n                    <div class=\"tnp tnp-subscription-minimal\">\n                        <form action=\"https:\/\/threatcop.com\/thankyou-blog\" method=\"get\" target=\"_blank\">\n                            <div class=\"email-container\" style=\"margin-bottom:20px;\">\n\n                                <input class=\"tnp-email\" type=\"text\" required=\"\" name=\"FullName\" value=\"\"\n                                    placeholder=\"Full Name\">\n                                    <span class=\"email-icon\"><img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/icon01.svg\" class=\"img-fluid\" \/><\/span>\n                            <\/div>\n\n                            <div class=\"email-container\" style=\"margin-bottom:20px;\">\n                               \n                                <input class=\"tnp-email\" type=\"email\" required=\"\" name=\"email\" value=\"\"\n                                    placeholder=\"Corporate Email Id\">\n                                     <span class=\"email-icon\"><img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/icon02.svg\" class=\"img-fluid\" \/><\/span>\n                            <\/div>\n\n                            <div class=\"email-container\" style=\"margin-bottom:20px;\">\n                               \n                                <input class=\"tnp-email\" type=\"text\" required=\"\" name=\"CompanyName\" value=\"\"\n                                    placeholder=\"Company Name\">\n                                    <span class=\"email-icon\"><img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/icon03.svg\" class=\"img-fluid\" \/><\/span>\n\n                            <\/div>\n\n                            <div class=\"email-container\">\n                               \n                                <input class=\"tnp-email\" type=\"number\" required=\"\" name=\"Phone\" value=\"\"\n                                    placeholder=\"Phone No.\"><br>\n                                    <span class=\"email-icon\"><img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/icon04.svg\" class=\"img-fluid\" \/><\/span>\n                            <\/div>\n                            <input type=\"hidden\" name=\"BlogForm\" value=\"BlogForm\"><br>\n                            <input class=\"tnp-submit interestedBtn\" name=\"submit\" type=\"submit\"\n                                value=\"SUBMIT\">\n\n                        <\/form>\n                    <\/div>\n                <\/div>\n            <\/div>\n\n        <\/div>\n    <\/div>\n\n<\/body>\n\n<\/html>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_Cybercrime_Increasing\"><\/span><span style=\"color: #000000;\"><b>Is Cybercrime Increasing?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Cybercriminals aim to directly steal passwords, data, or money by taking advantage of security or human flaws. There is a vast range in the size and sophistication of cyber attacks. Because of <\/span><span style=\"color: #183994;\"><a style=\"color: #183994;\" href=\"https:\/\/threatcop.com\/blog\/phishing-as-a-service\/\"><b>phishing as a service<\/b><\/a><\/span><span style=\"font-weight: 400;\"> provider, criminals with less technical knowledge can now engage in cybercrime. Malware\u2019s ever-evolving technical skills lead to ever-evolving harm and the facilitation of new crimes, such as <\/span><a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/blog\/cryptojacking\"><b><span style=\"color: #183994;\">cryptojacking<\/span><\/b><\/a><span style=\"font-weight: 400;\">, a type of <\/span>cryptocurrency attack<span style=\"font-weight: 400;\">.<\/span><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">In the last ten years, the number of reports of cybercrime has skyrocketed. By 2020 there have been over 4.7 million reports in comparison to 2010. This signifies a growth of over 300% in 2020, which cost the economy trillions. There is a drastic increase in cybercrime, so organizations should employ the best possible security tools to secure their future.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">&nbsp;In 2022, it was predicted by <\/span><a style=\"color: #000000;\" href=\"https:\/\/www.statista.com\/statistics\/1280009\/cost-cybercrime-worldwide\/\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">Statista<\/span><\/b><\/a><span style=\"font-weight: 400;\">, that cybercrime would cost the world $8.4 trillion. By 2023, the cost of incidents brought on by illicit online activity is expected to exceed $11 trillion. An increase in cybercrime also increases expenses. Cybercrime expenses might reach $20 trillion annually by 2026, a nearly 150 percent rise from 2022.<\/span><\/span><\/p>\n\n\n<div class=\"wp-block-image wp-image-8636 size-full\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"483\" src=\"https:\/\/threatcop.com\/blog\/wp-content\/uploads\/2020\/12\/increase-in-cybercrime-infor1.png\" alt=\"increase in cybercrime\" class=\"wp-image-8636\"\/><figcaption class=\"wp-element-caption\"><span style=\"color: #000000;\">Increase in Cost of Cybercrime Annually (Source: Statista)<\/span><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_Cybercrime_Increasing\"><\/span><span style=\"color: #000000;\"><b>Why is Cybercrime Increasing?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">With <a href=\"https:\/\/parachute.cloud\/cloud-computing-statistics\/\">the advent of cloud computing<\/a>, organizations are storing their data online. And it has become a target for threat actors to steal information. The most financially damaging <\/span><a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/blog\/cybercrime\/\"><b><span style=\"color: #183994;\">cybercrime<\/span><\/b><\/a> <span style=\"font-weight: 400;\">is information theft, which is increasing at an unprecedented rate. They are primarily caused by the growing dissemination of identity information on the web by means of cloud services. However, it is not the only one. There is an immense possibility of destroying or disrupting power grid controls and other infrastructure.<\/span> <span style=\"font-weight: 400;\">Cyber attacks aren&#8217;t just about identity theft; they can also serve as a means of cultivating distrust in organizations or governments.<\/span><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Cybercriminals are evolving and becoming more sophisticated. They are constantly evolving their attack vectors based on the targets they choose. They can impact businesses, disrupt their security systems, and exploit their critical infrastructure.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">There are multiple <\/span><span style=\"color: #183994;\"><a style=\"color: #183994;\" href=\"https:\/\/threatcop.com\/blog\/social-engineering-attack\/\"><b>types of social engineering attacks<\/b><\/a><\/span><span style=\"font-weight: 400;\"> to get unauthorized access to a computer system. With different techniques available to the attackers, it has become quite easy for them to breach any organization\u2019s data. The following are some elements influencing the increase in cybercrime:<\/span><\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400; color: #000000;\">The internet\u2019s distributed nature<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400; color: #000000;\">Cybercriminals\u2019 capacity to attack outside of their jurisdiction causes legislative action extremely challenging<\/span><\/li>\n\n\n\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The <\/span><a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/blog\/surface-web-dark-web-and-deep-web\/\"><b><span style=\"color: #183994;\">dark web<\/span><\/b><\/a><span style=\"font-weight: 400;\"> is becoming the platform for profitable and user-friendly for cybercrime businesses<\/span><\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Impacts_of_Cybercrime\"><\/span><span style=\"color: #000000;\"><b>What are the Impacts of Cybercrime?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Cybercrime can impact an organization in different ways. No matter what kind of cyber attack a hacker employs on your organization, it affects it in one way or another. And the losses cannot be comprehended from before, which is why cybercrimes have become prime concerns for organizations.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The impact of cybercrime is influenced by various factors. One of the prime factors for cybercrime is the lack of cybersecurity practices. Every organization must employ best <\/span><a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/blog\/cybersecurity-practices\/\"><b><span style=\"color: #183994;\">cybersecurity practices<\/span><\/b><\/a><span style=\"font-weight: 400;\"> to ensure a robust security framework.&nbsp;<\/span><\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Increased_Cost\"><\/span><span style=\"color: #000000;\"><b>Increased Cost<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Financial gain is one of the main objectives of cybercrime. In addition, <\/span><a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/blog\/ransomware-attacks\/\"><b><span style=\"color: #183994;\">ransomware attacks<\/span><\/b><\/a><span style=\"font-weight: 400;\"> can incur a significant financial burden by preventing employees from accessing their systems without paying a ransom. Companies must invest in a variety of things to protect themselves, like <\/span><span style=\"color: #183994;\"><a style=\"color: #183994;\" href=\"https:\/\/threatcop.com\/blog\/security-awareness-training-for-employees\/\"><b>cybersecurity awareness training<\/b><\/a><\/span><span style=\"font-weight: 400;\"> and email security solutions.<\/span><\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Operational_Disruption\"><\/span><span style=\"color: #000000;\"><b>Operational Disruption<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Sometimes companies face indirect financial damage from cyber attacks, such as the potential for a significant interruption in business operations and associated revenue loss. Technology is becoming more sophisticated and similarly, hackers are also becoming more sophisticated. Either they infect computer systems with malware or inject malicious code on a server that prevents users from accessing the device.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reputational_Cost\"><\/span><span style=\"color: #000000;\"><b>Reputational Cost<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Businesses that have been the target of serious cyber attacks may experience significant damage to their company\u2019s reputation. This happens because customers and even investors start to feel insecure about trusting a business whose IT infrastructure is not safe.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">One of the worst effects of a cyber attack is a sudden decline in sales. When your customers learn about the attack, they start to move elsewhere to protect themselves from the possible data breach.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Economic_Costs_of_an_Increase_in_Cybercrime\"><\/span><span style=\"color: #000000;\"><b>What are the Economic Costs of an Increase in Cybercrime?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Data damage, intellectual property theft, financial theft, etc. are some of the factors contributing to the increase in cybercrime costs. When data is lost, the business must work long hours to recover it. An organization has a reputation among its investors and customers. According to <\/span><a style=\"color: #000000;\" href=\"https:\/\/www.fbi.gov\/news\/press-releases\/press-releases\/fbi-releases-the-internet-crime-complaint-center-2020-internet-crime-report-including-covid-19-scam-statistics\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">FBI news<\/span><\/b><\/a><b>,<\/b> <b>the cost of cybercrime will reach $2.7 billion in 2020<\/b><span style=\"font-weight: 400;\">.<\/span><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">According to <\/span><a style=\"color: #000000;\" href=\"https:\/\/cybersecurityventures.com\/hackerpocalypse-cybercrime-report-2016\/\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">Cybersecurity Venture<\/span><\/b><\/a><b>, in the next few years, the cost of cybercrime will increase by 15% annually, reaching $10.5 trillion by 2025<\/b><span style=\"font-weight: 400;\">.<\/span><\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_Statistics_of_Cybercrime_2021_%E2%80%93_2022\"><\/span><span style=\"color: #000000;\"><b>Major Statistics of Cybercrime: 2021 &#8211; 2022<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">The following are some outrageous statistics showing just how severely these cyber attacks are affecting the global economy:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The scourge of supply chain attacks may have been the biggest cyber threat trend in 2021. A <\/span><b>ransomware attack<\/b> <b>shut down the U.S.&#8217;s largest fuel <\/b><a style=\"color: #000000;\" href=\"https:\/\/kratikal.com\/blog\/ransomware-attack-hits-a-major-us-oil-pipeline\/\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">pipeline Colonial<\/span><\/b><\/a><b>. It hit the U.S. East Coast in May 2021<\/b><span style=\"font-weight: 400;\">, and it was one of the worst attacks.<\/span><\/span><\/li>\n\n\n\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The <\/span><b>\u201cState of Cybersecurity Resilience 2021\u201d <span style=\"color: #183994;\">report from Accenture<\/span> states that cybercrimes will increase by 31% between 2020 and 2021<\/b><span style=\"font-weight: 400;\">. About 206 to 270 attacks per company were reported from one year to the next.<\/span><\/span><\/li>\n\n\n\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">According to <\/span><b>Javelin Strategy &amp; Research\u2019s \u201c<\/b><a style=\"color: #000000;\" href=\"https:\/\/cybersecurityventures.com\/cybersecurity-almanac-2022\/\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">2021 Identity Fraud Study<\/span><\/b><\/a><b>,\u201d identity fraud losses total $56 billion.<\/b><span style=\"font-weight: 400;\"> Customer data is kept in exposed databases worldwide, despite businesses doing their best to secure themselves.<\/span><\/span><\/li>\n\n\n\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">According to <\/span><b>IBM and Ponemon Institute\u2019s \u201cCost of Data Breach 2021\u201d <\/b><a style=\"color: #000000;\" href=\"https:\/\/online.emich.edu\/degrees\/technology\/masters-science-cyber-security\/about-ethical-hacking\/\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">report<\/span><\/b><\/a><span style=\"font-weight: 400;\">, it takes security teams 287 days on average to discover and stop a data breach.<\/span><\/span><\/li>\n\n\n\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">A <\/span><b>report from the <\/b><a style=\"color: #000000;\" href=\"https:\/\/www.ic3.gov\/Media\/PDF\/AnnualReport\/2021_IC3Report.pdf\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">FBI\u2019s Internet Crime Center (IC3)<\/span><\/b><\/a><b> recorded 847,376 complaints in 2021. Over a $4.1 billion loss was incurred <\/b><span style=\"font-weight: 400;\">as a result of those complaints.<\/span><\/span><\/li>\n\n\n\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">According to a <\/span><a style=\"color: #000000;\" href=\"https:\/\/www3.weforum.org\/docs\/WEF_The_Global_Risks_Report_2022.pdf\" target=\"_blank\" rel=\"noopener\"><b><span style=\"color: #183994;\">report<\/span><\/b><\/a><b> on global risk in 2022 from the World Economic Forum<\/b><span style=\"font-weight: 400;\">, cybersecurity measures put in place by organizations, governments, and people are increasingly being rendered ineffective by cybercriminals\u2019 increasing sophistication.<\/span><\/span><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image wp-image-8637 size-full\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"301\" height=\"336\" src=\"https:\/\/threatcop.com\/blog\/wp-content\/uploads\/2020\/12\/increase-in-cybercrime-info2.jpg\" alt=\"increase in cybercrime\" class=\"wp-image-8637\"\/><figcaption class=\"wp-element-caption\"><span style=\"color: #000000;\">The Costliest Types of Cybercrime (Source: Statista)<\/span><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Can_Organizations_Prevent_Cybercrimes\"><\/span><span style=\"color: #000000;\"><b>How Can Organizations Prevent Cybercrimes?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><b><i>How Can Organizations Prepare for the Fight Against Cybercrime?<\/i><\/b><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">As the rise in cybercrime is showing no signs of slowing down, it is essential for organizations to take the necessary precautions to avoid suffering losses. <\/span><b>The three most critical aspects are its people, processes, and data.<\/b><span style=\"font-weight: 400;\"> By focusing their resources on protecting these three elements, organizations can arm themselves against all kinds of prevalent and emerging cyber threats.<\/span><\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Protecting_People\"><\/span><span style=\"color: #000000;\"><b>Protecting People<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Education about the most common cybersecurity threats is the best way to defend your staff members against cyber attacks. Employees who lack cybersecurity awareness are at the risk of unintentionally causing data breaches that put your business at risk. According to a report, providing employees with cybersecurity awareness training significantly lowers human error, reducing cyber risks by up to 90%.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Due to the dramatic increase in cybercrime, providing your employees with cybersecurity awareness training has become more important than ever. An organization cannot protect its finances, assets, and reputation from cybercriminals without spreading awareness amongst its employees.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/threatcop-security-awareness-training\"><b><span style=\"color: #183994;\">TSAT<\/span><\/b><\/a> <b>by Threatcop<\/b><span style=\"font-weight: 400;\"> is the comprehensive cybersecurity awareness tool that helps in securing your workforce against various kinds of cyber attacks. It offers an array of dynamic features to assess your organization\u2019s real-time threat posture and to reduce cybercrime.<\/span><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Organizations can also implement a <\/span><b>phishing incident response tool <\/b><span style=\"font-weight: 400;\">like <\/span><a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/threatcop-phishing-incident-response\"><b><span style=\"color: #183994;\">TPIR<\/span><\/b><\/a><span style=\"font-weight: 400;\"> to empower employees to report any suspicious-looking emails immediately.<\/span><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">To mark Cybersecurity Awareness Month, Threatcop collaborated with 31 respected CISOs and CTOs from prominent organizations. Together, we&#8217;re working towards a safer digital future. <\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\"><strong>Explore Here: <\/strong><a href=\"https:\/\/threatcop.com\/cybersecurity-awareness-month-video-gallery\">31 Cybersecurity Awareness Ideas from Security Leaders<\/a><\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Protecting_Processes\"><\/span><span style=\"color: #000000;\"><b>Protecting Processes<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">It is essential for an organization\u2019s IT department to continually monitor, review, and update all organizational processes. Employees should be made aware of the consequences of installing applications or software on their systems without the knowledge or approval of the IT department.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Any known vulnerabilities should be constantly monitored by the organization. Companies can provide protected and locked systems for their employees. This can be an effective way of restricting them from installing any malicious software.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Protecting_Data\"><\/span><span style=\"color: #000000;\"><b>Protecting Data<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">An organization must have a firm grip on the data it holds, processes, and passes on. According to a recent study, companies share sensitive and confidential information with more than 500 third parties. The first and foremost step an organization should take is to conduct an inventory and ensure any information shared is strictly on a need-to-know basis.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">Secondly, make sure to encrypt all sensitive data, including employee information, all business data, and customer information. This ensures that the data becomes useless if it falls into the wrong hands. Also, always take regular backups of all your data and store them securely outside your network.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">As the increase in cybercrime shows no signs of slowing down, individuals and organizations alike are equally at risk. Therefore, it has become extremely important to take the necessary precautions and keep essential cybersecurity tips in mind for defending yourselves and your organizations against these threats.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts_Increase_in_Cybercrime\"><\/span><span style=\"color: #000000;\"><b>Final Thoughts: Increase in Cybercrime<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400; color: #000000;\">As you can see, continually emerging cyber risks pose a threat to our society\u2019s future. Be sure to educate your organization on these cyber threats so you can implement appropriate security measures to resolve them.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The future of the internet is at continuous risk from evolving cyber attacks. As a result, familiarize your employees with these risks and secure your networks and digital devices. We at <\/span><a style=\"color: #000000;\" href=\"https:\/\/www.threatcop.com\/\"><b><span style=\"color: #183994;\">Threatcop<\/span><\/b><\/a> <span style=\"font-weight: 400;\">can help your organization arrange the best comprehensive suite of security awareness programs in one package. To get rid of <\/span><a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/biggest-risk-in-cybersecurity\"><b><span style=\"color: #183994;\">human error<\/span><\/b><\/a><span style=\"font-weight: 400;\"> and employee negligence.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world is now more connected than ever before. Businesses are becoming more vulnerable to hackers as they host most of their data online, including customer data. Nowadays, the increase in cybercrime is becoming a huge problem. More than 70 people and organizations that teamed up to commit the most serious crimes against the U.S. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-4503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miscellaneous"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Increase in Cybercrime Worldwide | Threatcop<\/title>\n<meta name=\"description\" content=\"Cybersecurity experts have predicted that an increase in cybercrime will become the world\u2019s largest economic crisis. 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