Cyber threats are increasing, and customers’ financial assets could be at risk
Financial institutions should incorporate cybersecurity 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
FBI reports staggering ransomware stats Between January and July 31, 2021, the FBI’s IC3 reported:
17 %
Since 2021, cybercrimes have increased by 17% 1
2,084
2,084 ransomware complaints 4
47 % 51 %
2021
2022
On average across 10 countries, cybercrime victims are more likely to have lost money in 2022 compared to 2021 2
62 %
62% year-over-year increase from 2020 5
$8 Trillion
$265 Billion
Ransomware estimated to cost victims as much as $265 billion USD annually by 2031 6
Cybercrime is predicted to cost the world $8 trillion USD in 2023 3
1 “Modern Bank Heists 5.0,” VMWare, 2022. 2 “2022 Cyber Safety Insights Report,” NortonLifeLock Inc., Jan. 2022. 3 “Cybercrime To Cost The World 8 Trillion Annually In 2023,” Cybercrime Magazine, Oct. 17 2022.
4,5 “Ransomware Awareness for Holidays and Weekends,” Cybersecurity & Infrastructure Security Agency, Feb. 10, 2022. 6 “Global Ransomware Damage Costs Predicted To Exceed $265 Billion By 2031,” Cybercrime Magazine, June 2, 2022.
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