Terrifying Cybercrime Statistics

Today we are almost entirely dependent on hackable technology. Your phone, your computers, your car, your bank and credit card purchases, even your smart home devices and alarm systems (IoT) can be hacked into. In fact, a hacker attack takes place worldwide every 39 seconds, affecting one in three Americans each year. 

In the following article, you’ll get a chance to see some cybercrime statistics from a variety of dependable sources that will help you understand the real threat you’re facing as a business, a person, and an employee. You’ll also learn a bit about how you can protect yourself. We offer the most recent info from 2018 and 2019, and some comparisons with the crime/security from recent history.

Cybercrime is almost constant, committed by professionals and often extremely well-organized groups. As you will see, it’s also increasing in scope, sophistication, and cost.

9 Key Cybercrime Stats

  • Cybercrime generates around $1.5 trillion per year

  • A hack occurs every 39 seconds

  • Global cybercrime damages are estimated to cost $6 trillion per year by 2021

  • Hackers earn around $30,000 per job, whilst their managers can make up to $2 million

  • 60% of fraud goes through mobile devices, 80% of which are generated from mobile apps

  • $1,077 is the average cash amount attackers demand

  • 81% of the US population has a social media account

  • Chinese cyber attacks accounted for over 20% of cyber attacks in 2017

  • $80 billion held in cryptocurrency is laundered annually

General Cybercrime Statistics, Scope and Frequency

1. In 2018, almost 700 million people were victims of some type of cybercrime. 

That’s in 20 countries, many of which have outdated or even no cybercrime laws. In some cases, you won’t even be aware that you were targeted. For example, your computer might have come a part of a bot network without you noticing. In other cases, you might even have to face financial losses.

2. Cybercriminals generate revenues of $1.5 TRILLION annually.

The people behind recent cybercrimes no longer fit the stereotypical idea of a kid in a hoodie operating from his mom’s basement…at least not entirely. Today, we are up against organized crime, a professionalized underground industry that pays off big time. 

3. Cybercrime will cost $6 trillion annually by 2021.

As if the previous information wasn’t bad enough, it appears that the damage and thus security demands on a global scale are only going to continue to grow, according to the Official 2019 Annual Cybercrime Report by Cybersecurity Ventures.

4. Businesses face attacks as many as 16,856 times per year. 

A natural person is not the only victim of cybercrime – many companies, usually small to midsized ones, have to face up to increasing data breach or denial of service risks. This can answer questions about how many cybercrimes are committed each year. Companies can lose a significant amount of money in lawsuits and permanently damage their clients’ trust.

5. At least 1.7 times per week, cybercrimes work and damage targets.

Cyber criminals know that not all attacks get through, so they will often play the numbers, even the ones who do more research and commit more targeted crimes. This seemingly small percentage of successful hacks still generates a large amount of disruption. As cybercrime is becoming more sophisticated, targeted attacks are more and more common, and the success rates are rising. 

6. 46 attacks are suffered per day, or two every hour.

The type of attacks in this stat vary a great deal. We’re talking about malware, viruses, attempts at identity theft, and even hijacking computers. These attacks also vary depending on the country, so answering the question of how many cyber attacks happen per day is no easy task. 

 7. It takes 196 days, on average, for a company to even realize it’s been hacked. 

That’s one of the most frightening cybersecurity statistics in 2018, since criminals can mess around with your confidential data for months on end before you even notice something’s wrong, and start fixing the damage. 

8. 57.24% of computers in China are infected by malware.

China is the country with the highest rate of infected computers in the world, which does suggest to a degree that China is primarily the victim, not the perpetrator of cybercrime. 

9. Taiwan has a 49.19% of malware-ridden PC victims.

For Taiwan, the second country in the world most affected by attacks, this undeniable threat is both increasingly dangerous, and a good opportunity for building new lines of business.

10. Turkey is the second runner-up, with 42.52% of computers infected.

A champion of malware statistics in Europe, the number of compromised computers has risen by 3% in 2018, and it is only getting worse. 

Types of Cybercrime

The most common cybercrimes experienced by consumers or someone they know include: 

11. 53% Getting infected by a virus or some other security threat 

This could lead to software and even hardware failure, identity or personal information theft or nothing at all, with no visible damage. Even then, a Trojan could make your device a zombie server sending out spam, consuming your network and internet resources. 

12. 38% Credit or debit card fraud

This is when a person steals your card information and then uses it to gain access to cards and bank accounts. Even as banks try hard to make some types of attacks more difficult, criminals still turn a profit, and everyone needs to stay tuned to the new developments.

13. 34% Stolen account password 

Your password is a part of authentication, a secret only you are authorized to know, that helps you access a system. Using upper and lowercase letters along with numbers and some symbols is one way to fight brute force attacks, but this confidential information is still often stored and easily accessible on poorly protected devices.

14. 34% Email or social media hacking 

Once you’ve been hacked on a social media channel, the attacker will observe communication and use this insight to access other accounts for further criminal actions. This is usually done for financial gain – asking a bank to transfer money, and/or causing emotional damage, in the case of extortion.

15. 33% Online shopping scams

This also happens when users are fooled by a fake retail website that may or may not have been advertised on social media. Getting your money back after this one is almost unheard of. The thieves will close up shop and erase any trace of themselves.

16. 32% Phishing

This is when you give out account information to the attacker pretending to be your bank or other authority. Phishing is done via email, message (smishing) or phone support (vishing). The attacker might ask for personal information like your password, or ID number, or they might ask you to configure your computer to suit your needs. This is a very productive type of cyberattack as companies still ignore the human factor, and see security as a solely technical problem.

17. $172 billion, or $142 per victim, on average

 A result of these criminal efforts put together, this is how much money cybercrime victims have lost in 2017. 

18. Cyberwarfare

This is the use or targeting of computers, online control systems or networks in a battlespace, to commit a crime. One of the most famous attacks of this sort was Turla from 2014, a long-running surveillance campaign that was left unnoticed. Controversy ensued after Russian security outfit Kaspersky Lab revealed what it knew months after Britain’s BAE Systems and Germany’s G Data went public.

Cybercrime Stats Related to the Most Prevalent Types of Cybercrime

19. By 2020, ransomware attacks are expected to quadruple. 

A fairly popular type of attack, where a computer is targeted and systems are then encrypted and held hostage. If the target wants the data back, they have to pay up. For a long while payment was arranged in bitcoins, and full-on support by the attacker was available to assist victims in making the payment. 

20. $1,077 is the average amount of cash attackers demand.

Which is A LOT, especially if you take into consideration that the amount was only $294 in 2015. This is a ransom s