Along with the rise of information technology comes a rise in cybercrime and cybersecurity breaches. Check out our top 12 cybercrime facts and statistics to learn more about cybercrime and how it may affect you and your business. Looking for ways to keep your personal information safe? The increasing rates of hacking, data leaks, and other cybercrimes may seem scary. Understanding what cybercrime looks like is the first step to preventing it.
People generally appreciate how the new wave of artificial intelligence-powered chatbots from Web giants can perform basic online tasks on our behalf. Who doesn't like having the ability to order a large pepperoni pizza by speaking five words into a smartphone? But security experts warn there's not much to stop cybercriminals from using AI technology to take social engineering hacks and identity theft to scary new levels. A dire warning about the increasing use of AI technology by cybercriminal was issued by Intel (NASDAQ: INTC) last month. Eric Peterson, a Director of Threat Research at Intel Security, warned that machine learning is starting to crop up in sophisticated scams that have already netted $3 billion for the bad guys.
No one would argue that 2018 was a turbulent year for cybercrime and identity theft, impacting organizations of all shapes and sizes around the globe. From retailers to financial institutions, ecommerce to healthcare, no industry was left untouched. Facebook experienced one of the largest breaches in 2018, impacting 2.2 billion users worldwide. More than 300 million Marriott guests were caught off guard when the press reported that hackers had access to the Starwood brand's network for the past four years, exposing Personally Identifiable Information (PII) such as addresses, phone numbers, and passport numbers. Even the U.S. Postal Service was compromised, with 60 million Informed Delivery customers targeted by cybercriminals who intercepted packages and opened new credit cards in their name.
If your company's big data collection fell into the wrong hands, it could be devastating. But what you might not be aware of is the fact that cybercriminals are increasingly using advanced analytic tools and techniques to more efficiently mine and monetize stolen data. And to efficiently combat the bad guys, you should probably be using those tools, too. The respected security firm RSA warned companies about the security threat that big data tech posed to companies several years ago. "The sophistication, agility, and speed at which a cybercriminal operates and monetizes their fraudulent information have improved through the use of big data analytics," Kate McGavin, a senior product marketing manager at RSA, wrote way back in 2013.