Cybercriminals Stole $6.9 Billion In 2021, Using Social Engineering To Break Into Remote Workplaces

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Cybercriminals Stole $6.9 Billion In 2021, Using Social Engineering To Break Into Remote Workplaces
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One new scamming technique involved scammers inviting company employees to a virtual meeting and then using “deepfake” simulated audio of an executive’s voice to instruct employees to transfer money to a fraudulent account.

scams—was hardest hit in 2021, with 67,095 victims reporting $1.23 billion in losses, followed by Texas, with 41,148 victims reporting $606 million in losses, and New York, with 29,065 victims reporting $560 million in losses.

Almost all cybercrime metrics have increased dramatically since 2017—money lost increased by 393% and the overall number of complaints increased by 191%, while reports of phishing—in which a scammer sends an email pretending to represent a reputable company in order to trick the victim into revealing passwords or other information—were up by a whopping 1,178%.

by cybersecurity news site CyberNews found that numerous Android users had their personal and financial information leaked due to unintentional security flaws in popular apps.466,501. That’s how many cybercrime victims filed reports with the FBI in the U.S., compared to 303,949 victims in the U.K. and 25,002 victims in all other countries combined.Maine reported just $7.26 million in losses, the least of any state, followed by West Virginia with $9.45 million in losses and Vermont with $9.

Not all forms of cybercrime have increased since 2020. In 2021, the FBI received 49% fewer reports of online extortion and 24% fewer reports of online non-payment/non-delivery scams.

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