Cyberthreats are increasing, and customers’ financial assets could be at risk
Financial institutions should incorporate Cyber Safety offerings into their value-added services to not only support industry regulations — but to enhance customer satisfaction by offering a product that can help protect their assets and identity. Cybercrime and ransomware attacks have increased dramatically, and many of your customers may not know where to look for protection.
Cybercrime is on the rise
Identity theft is a large and growing problem
353 million
3 seconds
From 2021 through 2023, US cybercrime rose by 72%, with at least 353 million individuals impacted
There’s a victim of identity theft in the US every 3 seconds 4
75 million
48%
Over 75 million Americans have been affected by identity theft 5 The IRS flagged $16.5 billion in tax refunds for possible identity fraud in 2024 $16.5 billion
In 2023, 48% of reports to the US Consumer Sentinel Network involved fraud and 19.2% involved identity theft Cybercrime losses in the US increased to $12.5 billion in 2023 , up from $10.3 billion in 2022 $8 trillion
1 Identity Theft Resource Center Data Breach Report, 2023 2 Consumer Sentinel Network Data Book 2023 3 FBI Internet Crime Report 2023 4 Based on an online survey of 5,004 U.S. adults conducted by The Harris Poll on behalf of Gen™ (formerly NortonLifeLock), January 2023 5 The study was conducted online within the United States by Dynata on behalf of Gen from March 6th to March 22nd, 2024 among 1,003 adults ages 18 and older
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