Think beyond your cell phone, laptop, or tablet. Cybercriminals sometimes seek out photos, videos, health data, gaming assets or anything else you find valuable, important, or private.Īny information or data stored or shared online is at risk. Hackers look for any sensitive information to use to extort someone and demand a ransom. More than your finances are at stake, too. Some of the most common forms of cyber identity theft include applying for (and/or receiving) government benefits, opening new lines of credit, taking out loans and even committing tax fraud.

But that’s only a small fraction of what really goes on.Ĭriminals are stealing identities to gain access to funds in clever ways. Many people think of online impersonation as someone making a fake social account to bully, catfish, or ruin someone’s reputation. Online impersonation is a cybercrime heavy hitter. Many people think they are safe online, but stats clearly tell a different story. The estimated losses skyrocketed from 1.4 billion in 2017 to 6.9 billion in 2021.

Complaints and losses have increased, according to the Internet Crime Complaint Center.

Fraud (49 percent) and identity theft (25 percent) were some of the frequently reported crimes.

5.7 million reports were filed to The Federal Trade Commission’s Consumer Sentinel Network in 2021.

In the last 5 years, a whopping 1.3 billion social media users have been hacked, according to findings sponsored by malware prevention company, Bromium.

44 percent of all internet users in the U.S.

As of 2020, around 47 percent of American people were the victim of financial identity theft.

A report by Juniper Research estimates 33 billion records will be stolen in 2023.

Everyday citizens and families are targets, too. Cybercrime is a rising problem.Ĭybercrime is increasing– and criminals aren’t just attacking businesses. And cyber insurance is the MUST HAVE coverage for you and your family. Your digital assets and identity deserve and need to be protected. With so much of your life happening online, it’s a total necessity to keep it protected with the right insurance coverage, just as you do your home, car, and health. Extortion, identity theft, financial fraud and even cyberbullying are common crimes people face in the digital space. No one is guaranteed protection from cyber-attacks. Are you hacker-proof? You might have the strongest passwords, have double-authentication enabled, and set all your social accounts to private, but sometimes that’s still not enough.

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