In 2024, the most common type of cybercrime reported to the United States internet Crime Complaint Center was phishing, with its variation, spoofing, affecting approximately 193,000 individuals. In addition, over 86,000 cases of extortion were reported to the IC3 during that year. Dynamic of phishing attacks Over the past few years, phishing attacks have increased significantly. In 2024, over 193,000 individuals fell victim to such attacks. The highest number of phishing scam victims since 2018 was recorded in 2021, approximately 324 thousand.Phishing attacks can take many shapes. Bulk phishing, smishing, and business e-mail compromise (BEC) are the most common types. With the recent development of generative AI, it has become easier to craft a believable phishing e-mail. This is currently among the top concerns of organizations leaders. Impact of phishing attacks Among the most targeted industries by cybercriminals are healthcare, financial, manufacturing, and education institutions. An observation carried out in the fourth quarter of 2024 found that software-as-a-service (SaaS) and webmail was most likely to encounter phishing attacks. According to the reports, almost a quarter of them stated being targeted by a phishing scam in the measured period.

Annual data on the nature of fraud and computer misuse offences. Data for the year ending March 2021 and March 2022 are from the Telephone-operated Crime Survey for England and Wales (TCSEW).

The losses incurred due to cyber fraud activity in India spiked to over *** billion Indian rupees in the financial year 2024. These were particularly attributed to credit card, debit card, and internet banking fraud. Cyber criminal activity in India has grown at an alarming rate over the past few years, with over ******* cases reported between January and April 2024 alone.

Estimates from Crime Survey for England and Wales (CSEW) on fraud and computer misuse. Also data from Home Office police recorded crime on the number of online offences recorded by the police and Action Fraud figures broken down by police force area.

These tables were formerly known as Experimental tables.

Please note: This set of tables are no longer produced. All content previously released within these tables has, or will be, redistributed among other sets of tables.

In 2024, the monetary damage caused by cybercrime reported to the United States' Internet Crime Complaint Center (IC3) saw a significant year-over-year increase, amounting to a historical peak of **** billion U.S. dollars. Overview of cybercrime in the U.S. Cybercrime continues to be one of the biggest challenges for governments around the world. In the United States, ****************** and ********* were among the most reported categories of cybercrime in 2024, with over ******* individuals falling victim to phishing attacks. Additionally, data breaches cost the U.S. organizations over ************ U.S. dollars on average as of February 2024. Fraud involving elderly Along with other reported internet crimes, online fraud is continuously growing. Targeting one of the most vulnerable groups, the elderly, cybercriminals show notorious skills in ************************************************************. Furthermore, individuals aged 60 and older, reported falling victims of extortion and personal data breach in 2024.

India Cyber Crime: IPC Section: Number of Cases Registered data was reported at 33,798.000 Unit in 2022. This records an increase from the previous number of 25,384.000 Unit for 2021. India Cyber Crime: IPC Section: Number of Cases Registered data is updated yearly, averaging 738.000 Unit from Dec 2002 (Median) to 2022, with 21 observations. The data reached an all-time high of 33,798.000 Unit in 2022 and a record low of 176.000 Unit in 2008. India Cyber Crime: IPC Section: Number of Cases Registered data remains active status in CEIC and is reported by National Crime Records Bureau. The data is categorized under India Premium Database’s Crime – Table IN.CRA001: Crime Statistics.

The dataset contains year-, state- and city-wise historically compiled data on the number of cyber crimes committed in violation of Information Technology Act (IT Act) in Indian cities with over one million population. The different types of cyber crimes covered in the dataset include Tampering Computer Source documents, Cyber Terrorism, Publication or transmission of obscene or sexually explicit act in electronic form, Interception or Monitoring or decryption of Information, Unauthorized access or attempt to access to protected computer system, Abetment to Commit Offences, Publication or Transmission of Obscene or Sexually Explicit Act, etc. in Electronic Form, Breach of Confidentiality or Privacy and Disclosure of Information in Breach of Lawful Contract , Hacking, Obscene Publication or Transmission in Electronic Form, Failure in Obtaining Licence or Digital Signature by misrepresentation or suppression of fact, Publishing false digital Signature Certificate, Fraud Digital Signature, Breach of confidentiality or privacy, other computer related offences such as Ransomware, Offences other than Ransomware, Dishonestly receiving stolen computer resource or communication device, Identity Theft, Cheating by personation by using computer resource, Violation of Privacy, Failure Of compliance or orders of certifying Authority, To assist to decoy or the information in interception by Government Agency, Hacking crimes such as Loss or damage to computer resource or utility, Publication or transmission of Obscene or Sexually Explicit Act in Electronic Form involving Children and Adults, etc.

This dataset is about what C3 conducts transborder criminal investigations of internet-related crimes within the HSI portfolio of immigration and customs authorities. C3 is responsible for identifying and targeting cybercrime activities over which HSI has jurisdiction

Police-reported cybercrime, by cyber-related violation (homicide, invitation to sexual touching, sexual exploitation, luring a child via a computer, voyeurism, non-consensual distribution of intimate images, extortion, criminal harassment, indecent/harassing communications, uttering threats, fraud, identity theft, identity fraud, mischief, fail to comply with order, indecent acts, child pornography, making or distribution of child pornography, public morals, breach of probation), Canada (selected police services), 2014 to 2023.

In 2023, individuals over the age of 60 accounted for the highest number of recorded cyber crime victims in the United States. According to the latest data, more than 104,068 people reported cyber crimes in the year examined. The second-most targeted were individuals between 30 and 39 years, with over 88 thousand complaints.

Online Fraud Detection Market Outlook

The global online fraud detection market size was valued at USD 3.5 billion in 2023 and is projected to reach USD 10.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 13.2%. This impressive growth is driven by the increasing sophistication of cyber-attacks and the rising adoption of digital payment methods, which demand robust security solutions.

The primary growth factor for the online fraud detection market is the escalating frequency and complexity of cyber-attacks. As businesses and consumers increasingly conduct transactions online, fraudsters have developed more sophisticated methods to exploit system vulnerabilities. This has created a pressing need for advanced fraud detection solutions that can identify and mitigate such threats in real-time. Additionally, regulatory mandates are compelling organizations to implement stringent security measures, further fueling market growth.

Another significant growth driver is the rapid digitization across various sectors, including banking, financial services, and insurance (BFSI), retail, and healthcare. As these industries embrace digital transformation, the volume of online transactions has surged, making them prime targets for cyber fraud. Consequently, there is an increasing investment in fraud detection technologies to safeguard sensitive information and maintain customer trust. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) in fraud detection systems has enhanced their capability to predict and prevent fraudulent activities efficiently.

The rising awareness among consumers about the potential risks associated with online transactions is also contributing to market growth. As individuals become more informed about the dangers of cyber fraud, there is a heightened demand for secure online payment systems. Businesses are responding to this demand by incorporating advanced fraud detection tools into their platforms to provide a secure and seamless user experience. Furthermore, the emergence of e-commerce and m-commerce has necessitated the adoption of robust fraud prevention measures to protect both buyers and sellers.

Anomaly Detection Solution plays a crucial role in the online fraud detection market by providing advanced tools to identify unusual patterns and activities that could indicate fraudulent behavior. These solutions utilize sophisticated algorithms and machine learning techniques to analyze vast amounts of data in real-time, enabling businesses to detect anomalies that may otherwise go unnoticed. By integrating anomaly detection into their security frameworks, organizations can enhance their ability to identify potential threats early and take proactive measures to prevent fraud. This not only helps in safeguarding sensitive information but also in maintaining customer trust and ensuring compliance with regulatory requirements. As the complexity of cyber threats continues to evolve, the demand for robust anomaly detection solutions is expected to rise, driving further growth in the market.

Regionally, North America dominates the online fraud detection market due to the high adoption rate of digital payment methods and the presence of major technology providers. The region's strong regulatory framework and focus on cybersecurity also play a crucial role in driving market growth. Meanwhile, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, fueled by the rapid expansion of the e-commerce sector and increasing internet penetration. Europe remains a significant market, driven by stringent data protection regulations and substantial investments in cybersecurity solutions.

Component Analysis

The online fraud detection market is segmented into software and services based on components. The software segment comprises various solutions such as fraud analytics, authentication, and fraud management, which are designed to detect and prevent fraudulent activities. The continuous evolution of cyber threats has necessitated the development of sophisticated software solutions capable of analyzing vast amounts of data in real-time to identify anomalies and potential fraud. These solutions leverage AI and ML algorithms to enhance their detection accuracy and response time.

In addition to software solutions, the services segment plays a vital role in the online fraud detection market. Services such as con

The datasert contains year- and state-wise historiclally compiled data on the number of cyber crimes committed in violation of Indian Penal Code (IPC). The different types of cyber crimes covered in the dataset include Abetment of Suicide - Online, Cyber Stalking or Bullying of Women or Children, Data theft, Cheating, Forgery, Defamation or Morphing (IPC r/w Indecent Representation of Women Act), Fake Profile (IPC r/w SLL), Counterfeiting, Cyber Blackmailing or Threatening, Fake News on Social Media, Other Offences (r/w IT Act), Fabrication of False Evidence/Destruction of Electronic Records for, Evidence, Offences By or Against Public Servant, False Electronic Evidence, Destruction of Electronic Evidence, Crimes of Property or Mark such as Counterfeiting, Tampering, Currency or Stamps, Crimes of Fraud such as Crimes related to Credit or Debit Card, Any Time Machines (ATMs), Online Banking Fraud, OTP Frauds, Crimes of Criminal Breach of Trust or Fraud such as crimes of Credit or Debit card, Crimes of Counterfeiting of Currecy, Stamps and Tampering, etc.

Police-reported cybercrime, by cyber-related violation, number of incidents and year to date total, preliminary quarterly data, Canada and regions (Atlantic, Quebec, Ontario, Prairies, British Columbia and Territories), Q1 (January to March) to Q4 (October to December) 2024.

In 2023, investment fraud was the cybercrime causing the most severe financial damage for the individuals in the United States. Overall, victim losses in this category were over 4.5 billion U.S. dollars. Business e-mail compromise (BEC) ranked second, amounting to around 2.9 billion U.S. dollars in reported victim losses. A further 924 million U.S. dollars were reported in losses for tech support fraud victims.

As Financial Technology (FinTech) services gain popularity and cyber fraud incidents increase worldwide, comprehending public perception in Ghana becomes crucial. This study helps gauge the problem's magnitude and enables policymakers, financial institutions, and technology companies to develop appropriate strategies and preventive measures. Thus, by studying public perception, the study provides insight into consumers' awareness and understanding of cyber fraud risks. This knowledge can be utilized to create targeted educational campaigns and initiatives that empower individuals to safeguard themselves against fraudulent activities. FinTech has the potential to revolutionize financial services by providing innovative and convenient solutions. However, concerns about cyber fraud can undermine trust in these technologies. Understanding public perception helps FinTech companies identify areas lacking trust and work towards enhancing security measures and transparency. Addressing these concerns promotes wider adoption of FinTech services, leading to financial inclusion and economic growth.

The problem this study addresses examines the impact of perceptions of cyber fraud on Ghana’s FinTech market, in addition to examining the extent of public awareness of cyber fraud, identifying contributing factors to cyber fraud, and measuring the level of satisfaction on preventive and security measures put in place to counter cyber fraud in the FinTech space in Ghana. The overriding aim involves investigating public perceptions of cyber fraud in Ghana's FinTech market and providing insight to regulators, service providers, and stakeholders on the impact of the perceptions on acceptance, adoption, and usage, as well as on effective strategies to enhance cybersecurity and boost confidence in Ghana's FinTech space. The specific aims include: i. Examining the dynamics of public perception of cyber fraud in Ghana’s FinTech market. ii. Investigating the factors that encourage cyber fraud activities in Ghana’s FinTech market. iii. Analyzing the impact of user perceptions of cyber fraud on the acceptance and usage of FinTech products and services in Ghana.

This study on the public perception of cyber fraud within the FinTech market in Ghana embraces a positivist perspective and follows a deductive approach. The study employs a quantitative research strategy with a cross-sectional design. The target population consists of individuals in Ghana who are currently using or have the potential to use fintech services. The data collection process is mainly from primary sources. Primary data are collected through the distribution of a questionnaire, enabling direct information gathering from the respondents. The questionnaire is utilized as the instrument for data collection, carefully designed to capture the participants' perceptions of cyber fraud within the FinTech market. In the context of this study, the research variables consist of perceptive reactions from respondents. These perceptions are captured through structured and ordered opinions from respondents. The subject matter of the study revolves around technology acceptance and financial cyber fraud. The setting for this study is the Ghanaian FinTech market. More specifically, the study examines the issues related to perceptions of cyber fraud and the acceptance of FinTech services and products in Ghana.

In 2023, individuals aged 60 and older in the United States filed 17,810 complaints about tech support fraud cases. Approximately 7,300 victims reported incidents of personal data breach. Romance fraud was also frequently encountered by victims aged 60 and older in the measured year. Overall, the number of complaints about cryptocurrency crimes almost doubled compared to 2022.

Police-reported cybercrime, number of incidents and rate per 100,000 population, Canada, provinces, territories, Census Metropolitan Areas and Canadian Forces Military Police, 2014 to 2023.

The Account Takeover (ATO) Detection Software market is experiencing robust growth, driven by the escalating frequency and sophistication of online fraud and the increasing reliance on digital platforms for financial transactions and sensitive data access. The market, estimated at $5 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching approximately $15 billion by 2033. This growth is fueled by several key factors. Firstly, the rising adoption of cloud-based solutions offers scalability and cost-effectiveness, attracting both large enterprises and SMEs. Secondly, the increasing prevalence of sophisticated hacking techniques, including AI-powered attacks, necessitates more advanced ATO detection solutions. Thirdly, stringent government regulations regarding data privacy and security are pushing organizations to proactively invest in robust security measures, including ATO detection software. The market segmentation reveals a significant preference for cloud-based solutions, reflecting the industry's shift towards agile and flexible security infrastructure. Large enterprises are the primary adopters, due to their greater vulnerability to high-impact ATO attacks and their larger budgets for security investments. However, the increasing digitalization of SMEs is driving demand for affordable and scalable solutions, leading to notable growth in this segment. Geographic distribution shows North America maintaining a dominant market share due to early adoption and a mature technological landscape, but significant growth is anticipated in the Asia-Pacific region fueled by rapid digitalization and increasing e-commerce activity. Competitive rivalry is intense, with established players alongside emerging innovative startups offering diverse solutions catering to varied customer needs. The restraints on market growth are primarily related to the complexity of implementing and maintaining ATO detection systems, requiring specialized expertise and ongoing investment. The high cost of advanced solutions can be prohibitive for smaller businesses, while concerns about false positives and the potential for disruption to legitimate user activity remain ongoing challenges. However, advancements in machine learning and AI are continually improving the accuracy and efficiency of ATO detection, mitigating these concerns. Furthermore, the evolving nature of cyber threats necessitates continuous adaptation and improvement of these systems, requiring ongoing investment in research and development. The future of the market is bright, with continuous innovation driving the development of more sophisticated and effective solutions that will be vital in combating the evolving landscape of cybercrime.

Did the COVID-19 pandemic really affect cybersecurity? Short answer – Yes. Cybercrime is up 600% due to COVID-19.