![]() ![]() CryptoSlate reports that in 2021, rug pulls plagued the DeFi ecosystem, and netted over $2.8 billion worth of crypto from victims.Crypto scam revenue in 2021 topped $7.7 billion, up 81 percent compared to 2020, according to the blockchain data platform Chainalysis.Users globally have suffered over $12 billion in losses through crime at DeFi apps, crypto lending platforms, and exchanges since 2020, with the majority of losses coming in 2021 alone, according to London-based blockchain analytics firm Elliptic. Cryptocurrency worth some $86 billion (over €76 billion) is currently stored on DeFi platforms, versus $12 billion a year ago, according to sector tracker DeFi Pulse.Cryptocrime, or crimes having to do with cryptocurrencies, are predicted to cost the world $30 billion in 2025, up from an estimated $17.5 billion in 2021, according to Cybersecurity Ventures.CNA Financial, one of the largest insurance companies in the U.S., reportedly paid hackers $40 million, the largest ransom ever, after a ransomware attack blocked access to the company’s network and stole its data, according to a report from Bloomberg.Every week, an aviation actor suffers a ransomware attack somewhere in the world.Ransomware attacks on healthcare organizations were predicted by Cybersecurity Ventures to quadruple from 2017 to 20 is expected to continue trending up.It is estimated that an organization suffered a ransomware attack every 11 seconds in 2021, according to Cybersecurity Ventures, and it is expected there will be a new attack on a consumer or business every two seconds by 2031.The dollar figure is based on 30 percent year-over-year growth in damage costs over the next 10 years. Ransomware will cost its victims more around $265 billion (USD) annually by 2031, Cybersecurity Ventures predicts, as perpetrators progressively refine their malware payloads and related extortion activities.The damages for 2018 were predicted to reach $8 billion, for 2019 the figure was $11.5 billion, and in 2021 it was $20 billion - which is 57X more than it was in 2015. A report from Cybersecurity Ventures predicted ransomware damages would cost the world $5 billion (USD) in 2017, up from $325 million in 2015 - a 15X increase in just two years.Organized cybercrime entities are joining forces, and their likelihood of detection and prosecution is estimated to be as low as 0.05 percent in the U.S., according to the World Economic Forum’s 2020 Global Risk Report. ![]() Some estimates suggest as few as 10 percent of the total number of cybercrimes committed each year are actually reported. Cybercrimes are vastly undercounted because they aren’t reported - due to embarrassment, fear of reputational harm, and the notion that law enforcement can’t help (amongst other reasons).The ad industry loses approximately $51 million per day due to ad fraud and by 2023 that number will skyrocket to $100 billion annually, according to an estimate featured in Bloomberg Law. Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015.Read on to learn about important dates in history, statistical information, cyberattacks, data breaches, hacks and hackers, criminals, and much more. We have something for everyone including students, parents, academia, government, law enforcement, small-to-midsized businesses, Fortune 500 and Global 2000 companies, IT workers, cybersecurity experts, chief security officers, boardroom and C-suite executives. and China, Chuck Robbins, Chair and CEO at Cisco, informed, citing research from Cybersecurity Ventures, when he delivered a keynote at last year’s RSA Conference.Ĭybersecurity Ventures is excited to release this special second annual edition of the Cybersecurity Almanac, a handbook containing the most pertinent statistics and information for understanding cybercrime and the cybersecurity market. If it were measured as a country, then cybercrime - which was predicted to inflict damages totaling $6 trillion USD globally in 2021 - would be the world’s third-largest economy after the U.S. The past, present, and future of cybercrime. ![]()
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