The Rising Tide of Cybercrime: A Statistical Look

In the digital age, the incidence of cybercrime is experiencing a steep and worrying increase. Cybercriminals are using sophisticated methods, exploiting new technologies, and leaving both individuals and corporations vulnerable to a range of digital threats.

According to recent reports, cybercrime is predicted to inflict damages worth $6 trillion globally in 2021, doubling from $3 trillion in 2015. This alarming figure underscores the escalating magnitude of cybercrime, highlighting its position as one of the greatest threats to businesses worldwide.

The rise in remote work due to the COVID-19 pandemic has only exacerbated this issue. Reports indicate a 300% increase in reported cybercrimes since the beginning of the pandemic, with phishing attacks seeing an especially significant surge.

Identity theft, one of the most common forms of cybercrime, is also on the rise. In 2020, the US Federal Trade Commission received over 1.4 million reports of identity theft, double the number from 2019.

Corporate espionage and cyberterrorism are other growing concerns. The average cost of a data breach is around $3.86 million, a figure that has increased by 10% over the past five years. Meanwhile, the number of devastating cyberattacks on national infrastructure demonstrates that cyberterrorism is not just a future threat, but a present danger.

These statistics underline the urgency of robust cybersecurity measures. As the digital landscape continues to evolve, so too will the methods used by cybercriminals. To protect against this growing threat, individuals and businesses alike must stay informed, vigilant, and proactive in their cyber defenses.

Embrace Sagecraft: Your Shield Against Cybercrime

In the ever-evolving digital landscape, the threat of cybercrime is escalating at an alarming rate. Cybercriminals are becoming more sophisticated, exploiting the latest technologies to commit a broad spectrum of crimes that can impact both individuals and corporations. It’s essential for everyone to stay informed and vigilant in the face of this evolving threat.

Sagecraft understands these challenges and is dedicated to helping you protect your digital assets. Our expertise in cybersecurity ensures that you have the most robust and tailored solutions to combat these cyber threats.

Whether you’re worried about identity theft, online fraud, corporate espionage, or cyberterrorism, Sagecraft has the tools and the know-how to protect you. Every digital touchpoint you possess—be it online banking, e-commerce, social media, or remote work—can be a potential entry point for cybercriminals. Sagecraft helps secure these touchpoints, reducing your vulnerability to cybercrime.

But we don’t just stop at providing robust cybersecurity infrastructure; we also believe in empowering our customers. By promoting cybersecurity awareness and implementing stringent security protocols, Sagecraft equips you with the knowledge and practices to maintain your own cyber defenses.

The digital world doesn’t have to be a dangerous place. With Sagecraft, you can navigate it with confidence, knowing that your digital assets are well protected.

Don’t wait until it’s too late. Contact us at Sagecraft today, and let us help you secure your digital world against the growing threat of cybercrime.