Remove 2020 Remove Accountability Remove Identity Theft Remove Internet
article thumbnail

Reading the FBI IC3’s ‘2020 Internet Crime Report’

Security Affairs

The FBI’s Internet Crime Complaint Center has released its annual report, the 2020 Internet Crime Report , which includes data from 791,790 complaints of suspected cybercrimes. Data that emerged from the report are worrisome, in 2020 the reported losses exceeded $4.2 ” reads 2020 Internet Crime Report.

Internet 107
article thumbnail

BEC Is 62 Times More Profitable than Ransomware, IC3 Finds

Hot for Security

The FBI’s Internet Crime Complaint Center (IC3) is out with its annual Internet Crime Report, revealing that Business Email Compromise (BEC) remains a lucrative affair for cyber crooks – 62 times more lucrative than ransomware. million in 2020. Losses registered in 2020 totaled $4.2 billion.”. “The

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

State of Cybercrime 2020: FBI Report

SecureWorld News

The FBI just released its annual Internet Crime Report, and it is truly a sign of the times. The FBI notes that the Internet Crime Complaint Center (IC3) has been key to its mission to track cybercrimes. The IC3 received 791,790 complaints from the American public in 2020, the most ever in one year, with reported losses exceeding $4.1

article thumbnail

A Ukrainian Raccoon Infostealer operator is awaiting trial in the US

Security Affairs

In October 2020, the US Justice Department charged a Ukrainian national, Mark Sokolovsky (28), with computer fraud for allegedly infecting millions of computers with the Raccoon Infostealer. Sokolovsky is charged with computer fraud, wire fraud, money laundering and aggravated identity theft. in the stolen data.

article thumbnail

Identity Fraud Losses Soared to $56 Billion in 2020, Javelin Researchers Find

Hot for Security

Fraud losses climbed to $56 billion in 2020 and identity fraud scams accounted for a staggering $43 billion of that cost, according to a new report. As consumers relied increasingly on digital payment products during 2020, identity fraud scams kept pace with this shift in behavior, the report reveals.

Scams 122
article thumbnail

SIM Swapping Attacks on the Rise- Here’s How to Keep Safe

Identity IQ

The report also stated that the FBI received more than 1,600 SIM swap complaints in 2021, dramatically up from 320 from 2018 to 2020. Fraudsters use these means to obtain your personal information and access your cellular, bank, credit or other financial accounts. Minimizing SIM Swapping Attacks.

article thumbnail

Arrest in ‘Ransom Your Employer’ Email Scheme

Krebs on Security

“According to this actor, he had originally intended to send his targets—all senior-level executives—phishing emails to compromise their accounts, but after that was unsuccessful, he pivoted to this ransomware pretext,” Abnormal’s Crane Hassold wrote. Source: FBI/IC3 2020 Internet Crime Report.

Scams 263