Vane3alga

Business
Focused
Technology

The rate at which cyberattacks are increasing are being noticed by both their victims and the FBI, who are seeing more people affected by online crimes and scams.

Cyberattacks are occurring at an all-time rapid pace. The FBI recently announced a staggering statistic providing some insight into just how quickly that pace is increasing. According to an IC3 recent post, it took seven years for the FBI to collect its first million complaints. That is compared to the most recent million complaints only taking slightly more than one year, less than half the time it took for the previous million.

ic3 6 million complaints infographic 1
Source: FBI.gov

According to the FBI, complaints of cyberattacks and scams increased nearly 70% between 2019 and 2020 (no 2021 data has been released). The top three crimes reported by victims in 2020 were phishing scams, non-payment/non-delivery scams, and extortion. The first is an attack technique, whereas the last two are social engineering themes. It’s important to realize that while email is a primary attack vector for most cyberattacks, cybercriminals can take any path they deem appropriate – phone, SMS/text, email, online, or a combination therein.

The staggering growth of the number of complaints is a reflection of both an understanding of the availability of the FBI’s complaint center, as well as the massive increase in the number of attacks. With “as a service” models for most attacks springing up daily, it’s relatively easy for just about anyone to join in and become a cybercriminal.

Keeping cybersecurity vigilance high in the workplace is always my recommendation. Using Security Awareness Training continually keeps your users up-to-date of the latest types of attacks, scams, social engineering tactics, and threats, so users know what to look for and how to avoid falling for an attack.


SOURCE: KnowBe4.com

Success Stories

Partner, Law Firm

We hired IT360 as our computer hardware and software computer consultants when the company first went into business. Since then, they have helped us purchase new software and hardware equipment that we have instituted into the law firm. Any time we needed them to be there they have been. They have solved all of our problems including: stand alone computers, networking issues, Internet access issues, and software. I would highly recommend IT360 to anybody who needs help in these areas.

Partner, Law Firm

Recent
Technology News

IT360 News
How AI Can help Accountants During Tax Season By Streamlining Processes and Enhancing Efficiency

What season is it? If your Bugs Bunny, it’s “wabbit” season…for the rest of us, well, it’s TAX SEASON! Tax season brings a wave of stress and pressure for accountants as they navigate numerous financial documents, compliance regulations, and client consultations. The advent of Artificial Intelligence (AI) is revolutionizing the accounting profession by offering innovative […]

Read more
IT 360 News - Successful Automation, Seamless Invoice Processing
Successful Automation, Seamless Invoice Processing

In the fast-paced world of managed IT services, efficiency and accuracy in financial operations are crucial for maintaining client trust and operational effectiveness. IT360 is proud to announce the successful completion of a critical project aimed at streamlining our invoice processing system, addressing a challenge that had been impacting our financial workflows. Problem Overview: IT360 […]

Read more