How Bad Has Cyber Crime Gotten?

March 3, 2021

How Bad Has Cyber Crime Gotten?

In 2018, cyber crime shot up immensely due to newer technology, higher reliance on online systems, and the growth in hacking knowledge surrounding online systems.

Cyber criminals were able to easily find loopholes and vulnerabilities and profit off of the exploited material they collected. Without cybersecurity being a huge priority for many businesses and individuals, cybercrime was and still is a huge profitable industry.

On average, 2,244 cyberattacks happen daily around the world. To put that in a different perspective, that's a new cyberattack every 39 seconds.

Cybercrime is a serious issue and the rate of growth is increasing exponentially. In 2020 alone with the COVID-19 pandemic ever present, we saw a 300% increase in cybercrime worldwide with more people turning to technology for work, school, and personal usage.

Some examples of cybercrime include:

  • Phishing attempts

  • Ransomware attacks

  • Identity theft

  • Zero-day attacks

  • Dark Web trading

  • Online harassment

  • Social engineering

  • Inside attacks

  • Malware

  • Spoofing

  • DoS attacks

  • Extortion

And the list goes on!

If your systems get breached not only is it extremely costly to resolve, but it could also be extremely damaging to your reputation, and you may not be able to recover stolen data. Not to mention, the intangible costs that could last years and the costly fines you could incur from failing to comply with privacy and data policies.

In September 2020 alone, there was a recorded 52,589 malicious log-in attempts on small business' websites. And we're unfortunately going to see those numbers rise in the rest of 2021.

We're already seeing the increases from our end! 2 months into 2021, and our team has already experienced over 50% of the incidents we faced in 2020. This highlights just how fast cybercrime is rising.

You may not think you're a target until it's too late.

Having reliable and efficient cybersecurity services is essential these days. So don't wait for disaster to strike, be proactive and protect yourself, your family, and your business. We take care of the cyber risks, so you can get back to doing what you love.

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