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More than US $4 billion in cyber crime losses in 2020 From FBI Annual Report

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The amount of losses reported by victims of cybercrime and Internet fraud to the agency has reached $4.2 billion in 2020, an increase of about 20% over 2019, the FBI said in a new report. The FBI’s Internet crime complaints Center said in its annual report released on Wednesday that it received an average of more than 2000 complaints from U.S. citizens and businesses every day last year, while the average daily number of complaints in 2019 was about 1200

Report screenshot (from: PDF)

The types of attacks reported by victims are mainly related to commercial e-mail leakage (BEC), blackmail software attacks, and rampant “technical support” fraud, in which fraudsters pretend to be customer support representatives of technology enterprises or financial institutions to defraud victims of certain amount of wire transfer.

In 2020, there will be 19000 + BEC complaints, and the amount of loss will reach 1.8 billion US dollars. Attackers usually use hackers or social engineering tools to break in and then trick unsuspecting victims into wire transfers.

What’s troubling is that although the technical means are not very good, the figure of last year is still quite close to that of 2019 (23775 complaints / loss of US $1.7 billion), which means that people’s safety awareness still has a lot of room to improve.

Crane hassold, a former FBI analyst and now senior director of threat research at e-mail security firm agari, said in a tweet on Wednesday that this kind of thing is still crazy.

It is reported that the FBI tried to set up an “asset recovery team” in 2018 to coordinate between law enforcement and financial institutions on behalf of victims. Last year, the group was involved in 1303 incidents.

In June 2020, the FBI helped a victim who had been cheated of $60 million, and subsequent investigations found that the money had been remitted to an HK bank account.

Fortunately, through timely cooperation with local law enforcement and financial institutions, the wire transfer was successfully prevented and the payment coefficient was returned to the victims.

At the same time, victims of extortion software launched 2747 complaints in 2020, with a total loss of $29.1 million. Compared with the loss of $8.9 million in 2019, the increase is also thought-provoking.

As cyberscoop previously reported, the trend of blackmail software attacks has not weakened even during the period of the covid-19 pandemic. As of November 2020, at least 80 healthcare providers have suffered.

For example, in September 2020, universal health services in the United States lost $67 million in a blackmail software attack.

Of course, considering that there are countless small and medium-sized enterprises and individuals who have not chosen to report such incidents to law enforcement departments, the actual losses may far exceed the current estimates.

As for the “technical support” fraud, the FBI’s loss figure is $146 million (171% less than that in 2019), and at least 66% of the victims are over 60 years old. (source: cnBeta) read more: FBI: cyber crime report 2017 FBI: Internet crime report 2018 specops software: European Cyber Crime Survey Norton: Cyber Security Report 2017 Ponemon Institute: estimated US $12.7 million in cyber crime losses in 2014 Internet crime has surpassed Russia and China Norton: 7 / 10 of Australia’s millennial Internet users don’t install security software FBI: US government plans to predict future eff through social media : the annual economic loss of cyber crime in the world is 445 billion US dollars, more than that of Thailand gdpfbi: the loss of financial mail fraud in the United States in 2015 is nearly 1.2 billion US dollars, a year-on-year increase of 55% FBI: the loss of cyber fraud in the United States in 2014 is more than 800 million US dollars FBI: hackers who invade Sony can hack 90% of enterprises

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