Texas Cyberattack Victims Lost No. 11 Most Money in Nation
Style Magazine Newswire | 9/22/2021, 12:24 p.m.
A new study finds Texas cyberattack victims lost the No. 11 most money in the nation with an average of $8,115 per victim.
A record $4.2 billion was lost to cybercriminals in 2020, up from $3.5 billion the year prior.
The most populated states -- California, Texas, and Florida -- lost the most money collectively, but adjusting for population size shows where individual victims were hit the hardest.
CCTV Camera World today released a study on the State of Cybercrime in America after analyzing FBI Internet Crime Compliant Center (IC3) data from 2011-2021. The rankings were determined by dividing the total money lost in each state by the number of victims in that state.
5 States Where Victims Lost the Most:
1) North Dakota: $33,954 per victim
2) Missouri: $14,025
3) Ohio: $12,680
4) New York: $12,051
5) Utah: $9,564
5 States Where Victims Lost the Least:
1) Kentucky: $1,848 per victim
2) Iowa: $2,284
3) New Hampshire: $2,456
4) West Virginia: $2,536
5) Indiana: $2,751
The most financially damaging cyberattacks are business email compromise ($96,373 per victim), corporate data breach ($46,373), and investment scams ($38,287).
Cyberattacks against IoT security cameras is also surging, leading to lawsuits against Amazon’s Ring and the breach of 150,000 security cameras inside Tesla, schools, hospitals.