According to the FBI's 2020 Internet Crimes Report, last year was a record for cybercrime damage.
The FBI received 791,790 cyber and internet crime complaints in 2020, according to the report, a 69% increase compared to 2019, when 467,361 complaints were filed. The amount of losses from this type of crime has also increased. According to the report, last year the damage from cybercrime reached $ 4.2 billion - 20% more than in 2019 ($ 3.5 billion). Both numbers, complaints and total losses, have been on the rise for the fifth consecutive year.
As in previous years, the most successful cybercriminal groups are BEC (business email compromise) and EAC (email account compromise) attacks. In 2020, they accounted for 43% of all funds lost as a result of the activities of cybercriminals - $ 1.8 billion.
BEC / EAC attacks are based on hacking a user's e-mail account in order to then use the user's identity to deceive others (employees or business partners) in order to send funds to the attacker's account.
In addition to BEC / EAC attacks, the FBI also recorded a skyrocketing loss from ransomware attacks. According to the report, the total amount of damage increased by 225% - from $ 8.9 million in 2019 to about $ 29.1 million in 2020.