Remove Cybercrime Remove Data breaches Remove Identity Theft Remove Scams
article thumbnail

How Are Elderly Americans Vulnerable to Identity Theft?

Identity IQ

How Are Elderly Americans Vulnerable to Identity Theft? Elderly Americans are facing a drastic increase in cybercrime, identity theft and financial abuse. billion in cybercrime losses to the FBI’s Internet Crime Complaint Center (IC3) – a 74% increase from the previous year. Scams that Target Seniors.

article thumbnail

FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

Now the important question: how many of you got scammed in some sort of way by cryptocurrency or another type of investment? The FBI's Internet Crime Complaint Center (IC3) has released its 2022 Internet Crime Report , which reveals the trends and impacts of cybercrime in the United States. According to the U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

2023: A Year of Record-Breaking Data Breaches

Identity IQ

2023: A Year of Record-Breaking Data Breaches IdentityIQ This past year has been an eye-opening year in the realm of digital security. Data breaches reached an all-time high, leaving a trail of identity theft cases. Businesses faced constant threats with phishing scams , malware , and other tactics.

article thumbnail

Cybercrime and Fraud on the Rise During COVID-19 Pandemic

Identity IQ

During the coronavirus pandemic, there’s been a direct correlation with the rise of online activity, data breaches and identity theft. Some popular scams people are falling for involve: Expedited stimulus checks. Donation scams. Cybercrime annual revenue currently totals $1.5

article thumbnail

How Cybercriminals Profit from a Data Breach

Identity IQ

If you’re still under the impression that hacking is restricted to hoodie-wearing individuals in darkened rooms, then you might be vastly underestimating the scale the data breach problem. . Last year alone more than 300 million consumers were impacted by data breaches, according to the Identity Theft Resource Center.

article thumbnail

You’ve Never Heard of the C-Suite Targeting Scam, but It’s a Killer

Adam Levin

billion in BEC scam-related losses the year before. With the W2 variety, a citizen of the c-suite requests all the W2s from human resources or accounting–thereby collecting a rich file of personally identifiable information that can be used to commit tax-related fraud as well as all stripe of identity theft.

Scams 130
article thumbnail

BEC Still #1, but Investment Fraud passes Romance Scams

Security Boulevard

For several years, the #1 Cybercrime type has been Business Email Compromise followed by the #2 of Romance Scam. The criminals have discovered how many people don't understand investing in cryptocurrency and have turned Investment Scams into a new money factory. . #1 Personal Data Breach. Identity Theft.

Scams 98