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Cybersecurity Risk Overview
Comparative growth and impact metrics of cybercrime.
Primary Sources
The Latest Cyber Crime Statistics (updated October 2025) | AAG IT ...
Headline Cyber Crime Statistics50% of UK businesses experienced some form of cyber attack in 2023.Nearly 1 billion emails were exposed in a single year, affecting 1 in 5 internet users.Data breaches cost businesses an average of $4.88 million in 2024.Around 236.1 million ransomware attacks occurred globally in the first half of 2022.1 in 2 American internet users had their accounts breached in 2021.39% of UK businesses reported suffering a cyber attack in 2022.Around 1 in 10 US organisations have no insurance against cyber attacks.53.35 million US citizens were affected by cyber crime in the first half of 2022.Cyber crime cost UK businesses an average of £4200 in 2022.In 2020, malware attacks increased by 358% compared to 2019.The most common cyber threat facing businesses and individuals is phishing. Cyber Crime OverviewCyber attacks globally increased by 125% in 2021 compared to 2020, and increasing volumes of cyber attacks continued to threaten businesses and individuals in 2022.What Is The Most Common Type of Cyber Crime?Phishing remains the most common form of cyber crime.In 2021, 323,972 internet users reported falling victim to phishing attacks. This means half of the users who suffered a data breach fell for a phishing attack. During the height of the pandemic, phishing incidents rose by 220%.2021 saw nearly 1 billion emails exposed, affecting 1 in 5 internet users. This may partly explain the continued prevalence of phishing attacks.How much does phishing cost victims?Despite its prevalence, phishing had the lowest loss to victims. Individuals lose an average of $136 in phishing attacks. This is well below the average data breach cost of $12,124.Visit our phishing statistics page for the latest information on global phishing trends.Ransomware – A Growing ThreatRansomware attacks continue to pose a serious threat to individuals and organisations, with more advanced attack methods forcing payouts from victims. Around 236.1 million ransomware attacks were reported worldwide in the first half of 2022.For more information, visit our ransomware statistics page.The Cost of Cyber CrimeIt is clear that the rate and cost of data breaches are increasing. Since 2001, the victim count has increased from 6 victims per hour to 97, a 1517% increase over 20 years.The average cost of data breaches per hour worldwide has also increased. In 2001, the average cost per hour to individuals was $2054. Since then, the hourly loss rate has increased, standing in 2021 at $7...
What is cybersecurity for financial services? - HCLTech
What Is Cybersecurity for Financial Services?A resilience-first perspective for a high-stakes industryIn the financial services sector, cybersecurity is not just an IT function—it is foundational to trust, stability, and regulatory compliance. Banks, insurance firms, and financial institutions operate in an environment where every transaction, customer interaction, and digital channel is a potential target for cyber threats.As financial ecosystems become increasingly digital—driven by online banking, mobile payments, fintech integrations, and real-time transactions—the need for robust cybersecurity has never been greater. A single breach can have systemic consequences, impacting not just one institution but the broader financial ecosystem.What Is Cybersecurity in Financial Services?Cybersecurity in financial services refers to the strategies, technologies, and controls used to protect financial systems, digital transactions, and sensitive customer data from unauthorized access, fraud, and cyberattacks.This includes securing:Core banking systems and payment infrastructureDigital banking platforms (web and mobile)Customer financial data and transaction recordsAPIs and integrations with fintech partnersInternal systems and employee access pointsUnlike other industries, financial services must operate with near-zero tolerance for breaches, given the direct link between cyber incidents and financial loss.Why the Financial Sector Is a Major Target for Cyber Attacks Financial institutions are among the most targeted organizations globally, and for good reason:Direct Monetary Value Attackers can directly monetize breaches through fraudulent transactions, account takeovers, or ransom demands.High-Value Data Financial institutions store sensitive data, including account details, payment information, and personally identifiable information (PII).Complex Digital Ecosystems Integration with fintechs, payment processors, and third-party vendors expands the attack surface.Always-On Operations 24x7 availability requirements make it challenging to implement downtime-based security controls.Regulatory Pressure Strict compliance requirements can expose gaps if not managed effectively, making institutions attractive targets for exploitation.Common Cybersecurity Threats in Banking and Financial Services 1. Phishing and Account TakeoverAttackers target customers and employees to steal credentials, leading to unauthorized access and fraudulent transactions.2. Payment FraudInclud...
Cybercrime Magazine - Page One For The Cybersecurity Industry
18 hours ago ... Cybercrime Magazine by Cybersecurity Ventures provides research and reports on cybercrime costs, cybersecurity market size and spending forecasts, ...
Top Cybersecurity Threats Facing Accounting & How to Stay Safe
Accounting firms are prime targets for cybercriminals for obvious reasons: you maintain a treasure trove of sensitive financial information, personal data, ...
