Phishing Accounts for More than Half of Cybercrime

Cybercrime is an ever-evolving field. Technology evolves to allow new tactics or new scales for criminals, as well as giving firms new tools to combat fraud and theft. Due to the fact that it’s ever-evolving, sometimes it can be difficult to see vast changes that occur over time.

Over the last 5 years, there have been significant changes to the landscape of cybercrime. Not just in the increases in scale but also significant changes in the types of crime committed. This chart from Statista makes clear just how much has changed since 2017.

There has been a marked shift from small-time scams like non-payment/non-delivery, which are perpetrated largely against individuals, to crimes like phishing that tend to target large organizations, signals not just evolving tactics but the increase in the scale and scope of criminal ambitions.

If you have questions about phishing training or any other threats across the IT security landscape, call ITPAC today.