Date/Time
3/15/2024
12:00 PM - 1:00 PM MST
12:00 PM - 1:00 PM MST
Event Type(s)
Member Event
Event Description
Join us March 15th at noon for our FREE webinar to learn more about cyber security and cyber insurance so you can keep your business better protected from the unexpected! Go to https://cyberassetprotection.com/ to register today. You can also register for our Linkedin or Facebook Live at the same time and day.
Location
Contact Person
Shea Bender
(phone: 5054181544)
(phone: 5054181544)
Details
One of the main drivers of the cyber insurance market growth is the rise in the number and severity of cybercrimes. Here are some of the most noteworthy statistics we’ve gathered about cybercrime:
Ransomware is common (and often lucrative). In 2020, 1 in 6 businesses that fell victim to cyberattacks faced ransomware, and about half of them paid up the ransom.
Cybercrime reports nearly doubled. The FBI’s Internet Crime Complaint Center (IC3) saw a 69 percent increase in the number of cybercrime reports it received in 2020 compared to 2019. On average, the FBI received 2,000 cybercrime reports per day in 2020.
Data breaches affect personal data. In 2020 alone, data breaches exposed over 37 billion personal records, 82 percent of which came from only five breaches. Data breaches affect not only companies and organizations, but also the people whose information is in the exposed records.
Identity fraud causes serious losses. Identity fraud losses in 2020 cost its 49 million victims $56 billion in total. That breaks down to $1,100 per victim.
Cyber attacks are the most common: For those that are slightly to somewhat familiar with cyber insurance, 70 percent have experienced a cyber attack, followed by identity theft at 69 percent, cyberbullying at 64 percent, and cyber extortion at 69 percent.
Ransomware is common (and often lucrative). In 2020, 1 in 6 businesses that fell victim to cyberattacks faced ransomware, and about half of them paid up the ransom.
Cybercrime reports nearly doubled. The FBI’s Internet Crime Complaint Center (IC3) saw a 69 percent increase in the number of cybercrime reports it received in 2020 compared to 2019. On average, the FBI received 2,000 cybercrime reports per day in 2020.
Data breaches affect personal data. In 2020 alone, data breaches exposed over 37 billion personal records, 82 percent of which came from only five breaches. Data breaches affect not only companies and organizations, but also the people whose information is in the exposed records.
Identity fraud causes serious losses. Identity fraud losses in 2020 cost its 49 million victims $56 billion in total. That breaks down to $1,100 per victim.
Cyber attacks are the most common: For those that are slightly to somewhat familiar with cyber insurance, 70 percent have experienced a cyber attack, followed by identity theft at 69 percent, cyberbullying at 64 percent, and cyber extortion at 69 percent.
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