Despite occasional successes in international law enforcement, cybercriminals continue to reap growing profits. According to an analysis by Munich Re, the damage caused by hackers and online criminals worldwide has increased significantly. The number of global ransomware attacks has reportedly increased by a quarter.

“Betrugsfabriken”

On a large scale, the concept of “scamming” has also taken hold, where online fraudsters use stolen or false identities to trick victims into transferring money. The Munich Re cites estimates suggesting that up to half a million people in Southeast Asia are currently working in “Betrugsfabriken” for online scammers.

Datenlecks verachtfacht

The estimates are based partly on data from security authorities and cyber security services, and partly on own research by the Munich Re. One of the largest known ransomware attacks in the past year was the attack on Change Healthcare, a healthcare administration services provider in the US, where the attackers reportedly demanded 22 million dollars and stole personal data sets of 190 million people.

Furthermore, the increasing number of data breaches has led to significant financial losses for companies. The financial sector is particularly vulnerable, with the average cost of a data breach in the financial industry being significantly higher than in other sectors. The lack of adequate cyber security measures has led to a growing number of data breaches, resulting in substantial financial losses.

The consequences of these data breaches are far-reaching, with the potential to undermine public trust in the financial sector. The increasing number of data breaches has also led to a growing concern about the impact of these breaches on the overall economy. The potential financial losses are substantial, and the need for adequate cyber security measures is becoming increasingly pressing.