Cyber Crime Statistics By Cyber Attacks, Concerns and Facts

Introduction

Cyber Crime Statistics: With unbelievable developments in technology, we are experiencing an increased number of cyber attacks everywhere. Compared to the speed of technological advancement, the loopholes are left as they provide chances for cyber attackers to, unfortunately, use their skills in the wrong ways. Not only this, but the consequences such as the time needed to repair the damages, or the hampering of brand images affect the companies for long-term periods.

From private social media accounts to commercial accounts, everyone is the target of such attackers. These Cybercrime Statistics show the unfortunate numbers we are still experiencing as if there are no possible solutions to prevent these. If we call ourselves living in the future, we should have been able to prevent such attacks with maximum effort!

Editor’s Choice

• 66% of SMBs experienced cyber attacks over the past 12 months.
• 69% of small-scale businesses felt that cyber attacks were becoming more targeted.
• 45% of SMBs reported having a low number of ineffective preventive measures against cyber attacks.
• The most common types of cyber attacks on small-scale businesses were:
  • Social engineering or phishing (57%)
  • Credential theft (30%)
  • Compromised or stolen devices (33%)
• 70% of cyber attackers were outsiders, according to the Verizon Data Breach Investigations Report 2023.
• As of Q2 2023, financial institutions were the most targeted online industry worldwide, accounting for 23.5% of phishing attacks.
• In the USA, major cyber attacks on personal data included:
  • T-Mobile, which recorded 37 million individuals affected.
  • Data compromises affecting 73 million individuals in utilities and 5 million in the manufacturing industry.
• 43% of board directors in various companies across the USA stated that reputational damage was their biggest concern regarding cybersecurity.
• The global average for cyber attacks remained consistent at 66% in both 2022 and 2023.

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General Cyber Crime Statistics

• Cyber crime Statistics estimates that in 2024, the cost of cyber crime in the United States of America will be more than $452 billion.
• Compared to Q4 of 2022, Q2 in 2023 reported a reduction in vishing attacks to 10%, which was 40% in Q1 and Q4 of 2022 and 2023 respectively.
• In Q3 of 2023, the detected number of mobile malware installation packages was 438 thousand, the number of which increased by 19% from just Q2 of 2023.
• In the USA, in 2023, 73 million individuals in utilities and 5 million individuals in the manufacturing industry were affected by data compromises.
• 45% of SMBs stated they have a low number of ineffective preventive measures against cyber attacks.
• Over the past 12 months, 66% of SMBs have experienced cyber attacks.
• Furthermore, 69% of small-scale businesses felt the cyber attacks to be more targeted.
• Cyber crime Statistics allocates the most common types of cyber attacks on small-scale businesses as social engineering or phishing (57%), credential theft (30%), and compromised or stolen devices (33%).

Who Causes Data Breaches?

(Source: embroker.com)

• According to Verizon Data Breach Investigations Report 2023, the majority of the attackers are outsiders contributing 70%.
• Moreover, other attackers come from organized criminal groups (55%), internal bad actors (30%), four or more attacker actions (4%), and multiple partners and partners (1%).

By Number of Days Needed to Patch Cybersecurity Vulnerabilities

By Severity

(Reference: statista.com)

• According to the Cyber crime Statistics, organizations with low impact need 208 days on average to patch up the said vulnerabilities, while 185 days are considered to be needed to medium level, while high and critical cyber security vulnerabilities need 82 and 88 days, respectively.

By Industry

(Reference: statista.com)

• Comparing different industries, the average number of days required is more than 50 days.
• However, the highest requirement is for information (369.22 days), accommodation and food services (267.18 days), and healthcare and social assistance (244.05 days).

By Personal Data Violations by Number of Victims

(Reference: statista.com)

• In the USA there were major cyber attacks on personal data where T-Mobile recorded 37 million individuals affected in the event.
• Xfinity and PeopleConnect, Inc. ranked respectively with 35.87 million and 20.22 million affected number of people.
• Other companies that faced this major event were Nationstar Mortgage, LLC, PBI Research Services, HCA Healthcare, Weee!, Maximus, Perry Johnson and Associates, and Zacks Investment Research.

By Concerns

(Reference: statista.com)

• As of 2023, the biggest concern for the board of directors in various companies in the USA was reputational damage, as stated by 43% of them.
• Significant downtime and loss of current customers were other leading causes of concern, contributing 39% and 38%, respectively.
• Impact on business valuation, disruption to operations, and loss of revenue ranked in the list as well.

By Country

By Share of Countries Hit by Ransomware Attacks Between 2022 and 2023

(Reference: statista.com)

• The global average in 2022 and 2023 stayed at a similar level of 66%.
• However, compared to 2022, in 2023 Singapore, Austria, and Australia experienced a major increase in ransomware attacks.
• On the other hand, countries such as France, Germany, Japan, and the United Kingdom were successful in reducing their share of attacks.

By Estimated Annual Cost of Cyber Crime

(Reference: statista.com)

• As of 2024, the estimated cost of cyber crime in the USA is $452.3 billion annually, which is unfortunately projected to increase year on year reaching more than $1,300 billion in 2027 and $1,816 billion in 2028.

Who’s behind Cyber Attacks?

(Source: statista.com)

• Cyber crime Statistics from 2000 to 2023 show that the source of the majority of the attacks was not identified, resulting in 44.8%.
• However, out of the identified countries, 11.9%, 11.6%, and 5.3% originated from China, Russia, and Iran respectively.
• Origins from North Korea, Ukraine, the United States, Pakistan, and Turkey were also found with less than 5% each.

By Usage of AI for Cyberattacks

(Reference: statista.com)

• According to a survey by Statista between IT and cybersecurity decision-makers around the world, the majority of them stated that ChatGPT will help hackers create more legitimate and believable phishing e-mails.
• Furthermore, other possible usages stated by professionals in 2023 were to help less experienced hackers improve their mentioned skills (49%), spread misinformation (49%), create new malware (48%) and increase the sophistication of attacks and threats (46%).

By Leading Concerning Consequences of Cyber Incidents

(Reference: statista.com)

• As of 2023, boards of directors in companies from across the world stated disruption of operations as a leading consequence of cyber incidents contributing 36%.
• Internal data becoming public and reputational damage contributed by 36% and 34%, respectively, as following concerns.

By Most Targeted Online Industries

(Reference: statista.com)

• As of Q2 of 2023, according to a survey conducted by Statista, Financial institutions were the most targeted online industry worldwide, contributing 23.5% of phishing attacks.
• Social media and SaaS/Webmail shared 22.3% and 16.% of total attacks.
• Other online industries included Telecom, e-commerce/ retail, logistics/ shipping, payment, cryptocurrency, and gaming.

By Estimated Time of Occurrence of Attacks Created by ChatGPT

(Reference: statista.com)

• As of 2023, IT and security professionals around the world stated 51% of attacks are predicted within a year, while 78% might occur within 2 years.

By Consequences of Loss of Sensitive Information Events

(Reference: statista.com)

• As per Cyber crime Statistics 2023, Chief Information security officers worldwide stated post-attack recovery costs as the most common consequence contributing 38%.
• Other consequences included financial loss and regulatory sanctions (33%), loss of critical data, credential theft, loss of customers, and reputational damage (31%).

By Investment Plans

(Reference: statista.com)

• Around the world in 2023,82% of IT and security decision-makers in cybersecurity stated they are planning to invest in plans for AI-driven technology in a similar segment while 48% said they will do it by the end of 2023.

All-time Biggest Online Data Breaches by Impacted Users and Breached Records

• Cam4 data breach (March 2020) – 10.88 billion records
• Yahoo Data Breach (2017)* – 3 billion accounts
• Aadhar Data Breach (March 2018) – 1.1 billion people
• Alibaba Data breach (July 2022) – 1.1 billion people
• First American Financial Corporation Data Breach (May 2019) – 885 million users
• Verifications.io Data breach (February 2019) – 763 million users
• LinkedIn Data Breach (June 2021) – 700 million Users
• Facebook Data breach (April 2019) – 533 million users
• Yahoo Data Breach (2014) – 500 million accounts
• Satwood (Marriott) Data Breach (November 2018) – 500 million guests

By Influence of Generative AI on Cybersecurity

(Reference: statista.com)

• Considering 1014, the majority of the business leaders around the world said generative AI will be beneficial for attackers resulting in 55.9%, while 35.1% stated it to remain balanced.
• On the other hand, 8.9% of them voted to a survey by Statista stating the opposite of above.

Cyber Crime in Asia

• In 2021, India reported 1,402,809 cyber crime cases, showing a significant rise from 1,158,208 in 2020 and 394,499 in 2019.
• In the first two months of 2022, India recorded 212,485 cyber crimes, surpassing the total cases reported in 2018 (208,456).
• Financial fraud accounted for 75% of cyber crimes in India between 2020-2023, peaking at over 77% during this period.
• In 2021, 78% of Indian organizations faced ransomware attacks, with 80% of those attacks leading to data encryption.
• The number of hacked Indian websites increased from 17,560 in 2018 to 26,121 in 2020.
• Between Q1 and Q2 2022, cyber crime in India rose by 15.3%.
• In Pakistan, 84,764 cyber crime complaints were filed in 2020, with 20,218 cases related to financial fraud.
• In 2021, 102,356 cyber crime complaints were recorded in Pakistan, with 23% of crimes involving Facebook.
• Financial fraud through social media in Pakistan increased by 83% from 2018-2021.
• Other common cyber crimes in Pakistan in 2020 included hacking (7,966 cases), cyber harassment (6,023 cases), and cyber defamation (6,004 cases).
• In Malaysia, 20,000 cyber crimes were reported in 2021, resulting in a total financial loss of USD 123 million.
• From 2017-2021, cyber crime in Malaysia led to losses amounting to USD 490 million.
• In the first seven months of 2022, Malaysia recorded 11,367 cyber crime cases.
• Cyber crime cases in Malaysia increased by 61% between 2016-2022.
• In 2021, 79% of Malaysian organizations were targeted by ransomware, with 64% of attacks leading to data encryption.
• In Nepal, 3,906 cyber crime cases were recorded in the fiscal year 2020-2021.
• In the first three months of the fiscal year 2021-2022, 1,547 cyber crime cases were reported in Nepal.
• Nepal ranks 109th out of 160 countries on the National Cyber Security Index.
• Nepal ranks 94th on the Global Cyber Security Index and 140th on the ICT Development Index.

Cyber Crime in America

• Cyber crime in Canada increased by 153% from 27,829 cases in 2017 to 70,288 cases in 2021.
• In 2021, 85.7% of Canadian organizations experienced at least one cyber attack.
• Canadian organizations lost USD 1.5 billion to cyber crime in 2017.
• In the United States, 89.7% of organizations faced at least one cyber attack in 2021.
• In the United Kingdom, 71.1% of organizations faced at least one cyber attack in 2021.
• A 2020 study found that 48% of Canadian internet users were “extremely worried” about identity theft.
• During the first six months of the pandemic, 34% of Canadians received at least one phishing email.
• In 2021, Canadians lost USD 100 million to online fraud.
• Romance scams caused losses of USD 42.2 million for victims in Canada.
• Investment scams were also a significant source of financial loss in Canada.

Cyber Crime in Europe

• Russia experienced 42.92 million data breaches in Q1 2022, decreasing to 28.78 million in Q2 2022.
• In Q3 2022, 22.3 million Russian internet users had their accounts breached, the highest of any country globally.
• The top five countries with the highest number of breached accounts in Q3 2022 were:
  • Russia: 22.3 million
  • France: 13.8 million
  • Indonesia: 13.2 million
  • USA: 8.4 million
  • Spain: 3.9 million
• These five countries accounted for more than 50% of total global breaches in Q3 2022.
• As of November 2022, 153 out of every 1,000 Russian internet users had their accounts breached.
• Russia records an annual average of 249,000 cases of digital fraud.
• Over 8 billion phishing emails were sent daily from Russian addresses in 2022.
• Germany reported that 72.6% of organisations experienced at least one successful cyber attack in the past 12 months.
• 74.3% of German organisations expected further cyber attacks in the next 12 months.
• A study ranked Colombian organisations as the most affected, with 93.9% experiencing at least one successful attack.
• In 2022, 5.19% of global spam originated from Germany.
• The top five countries generating spam were:
  • Russia: 29.82%
  • Mainland China: 14%
  • USA: 10.71%
  • Germany: 5.19%
  • Netherlands: 3.70%

Cyber Crime in Africa

• In 2020, Nigeria was ranked 16th among countries most affected by cyber crime.
• In Q3 of 2022, Nigeria experienced a 1616% increase in data breaches, rising from 35,472 in Q2 to 608,765 in Q3.
• Since the start of 2022, Nigeria’s Economic and Financial Crimes Commission (EFCC) has convicted 2,847 individuals in connection with cyber-related crimes.
• Hackers in Nigeria have started offering money to employees of organizations in exchange for sensitive information, increasing the risk of insider threats.
• Zambia ranks 58th out of 161 countries on the National Cyber Security Index and 73rd out of 194 countries on the Global Cyber Security Index.
• In 2021, 10.7 million cyber crimes were reported to the Zambia Computer Incident Response Team (ZM-CIRT), including mobile money reversal scams and social media hijacking.
• Between 2020 and Q2 of 2022, the Zambian finance sector lost over 150 million ZMK (872,000 USD) due to cyber crime.
• SMS fraud in Zambia cost citizens over 1 million ZMK (58,000 USD) within the same period.
• Only 50% of Zambians own a personal computer, but approximately 75% have smartphones, making text-based scams particularly prevalent.
• The GDP per capita of Zambia is 4,000 USD.

Conclusion

Undeveloped and developing countries are becoming targets of Cyber attacks at an increased rate year on year. However, Cyber crime Statistics 2023 showed that compared to 2022, the rate of such attacks was stable. Artificial intelligence is leading various cyber crimes and even individual social media accounts are on the target.

We are not protected by this advanced technology, the most of which we use, the more increased chances of being prone to cyber-attacks.