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In today's digital age, our lives are increasingly intertwined with the online world, making us susceptible to cybercriminals.
The FBI's latest Internet Crime Report revealed a sharp increase in losses to internet crimes, totalling $12.5 billion in 2023, marking a significant 22% rise from 2022. Investment scams, in particular, saw a notable surge, experiencing a 38% increase in stolen money.
The monetary losses associated with cybercrimes almost tripled since 2020 to $8.3 billion. Scammers are becoming more adept at extracting larger sums per attack. This trend is partly attributed to a shift towards finance and tech-related schemes, with losses related to cryptocurrency scams alone spiking by 53% over the past year.
Even those who evade individual hacks may still fall victim to mass data breaches, which pose diverse risks given the widespread dissemination of personal information.
High-profile breaches like those targeting 23andMe have affected millions, underscoring the far-reaching consequences of cyber threats in today's interconnected digital landscape. If this doesn't convince you to buy some Crowdstrike shares, I don't know what will.
