"Report: Four Cybercrime Statistics To Watch"

The security platform Atlas VP recently released a report highlighting different types of cybercrime that intensified over the past year. Romance scams made a bigger impact than ever before as they cost Americans nearly $350 million in 2021. This type of scam involves tricking a person into believing they are in a romantic relationship with someone they have met online when in actuality, the person on the other side is a cybercriminal looking to get money or financial information. According to the Federal Trade Commission (FTC), romance scams were found to be more effective on those between the ages of 60 and 69. The FTC reported that over a third of people who lost money due to an online romance scam in 2021 said it was initiated on Facebook or Instagram. The report also reveals that US military personnel were prime targets for fraudsters as this group lost about $822 million from 2017 through 2021 to various forms of digital crime. In addition, the report suggests blockchain hackers are escalating their attempts at stealing cryptocurrency despite the number of security upgrades that have been made to the technology. During the first quarter of 2022, blockchain hackers stole almost $1.3 billion, attacking many cryptocurrency projects and ecosystems. This article continues to discuss key findings shared in the report regarding the rise of different types of cybercrime.  

NextGov reports "Report: Four Cybercrime Statistics To Watch"