In 2023, the most common type of cyber crime reported to the United States internet Crime Complaint Center was phishing and spoofing, affecting approximately 298 thousand individuals. In addition, over 55 thousand cases of personal data breaches cases were reported to the IC3 during that year. Dynamic of phishing attacks Over the past few years, phishing attacks have increased significantly. In 2023, almost 300 thousand 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. In 2023, 76 percent of the surveyed worldwide organizations reported encountering bulk phishing attacks, while roughly three in four were targeted by smishing scams. Impact of phishing attacks Among the most targeted industries by cybercriminals are healthcare, financial, manufacturing, and education institutions. An observation carried out in the first quarter of 2023 found that social media 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. Very often, phishing e-mails contain a crucial risk for the organization. Almost three in ten worldwide organizations that have experienced phishing attacks suffered from a customer or a client data breach as a consequence. Phishing scams that delivered ransomware infections were also common for the surveyed organizations.
In 2023, network intrusion was the most common type of cybercrime attack experienced by companies in the United States, accounting for 51 percent of incidents. Business e-mail compromise (BEC) ranked second, with 26 percent of data security incidents in U.S. companies. A further 11 percent of companies reported having encountered inadvertent disclosure.
In 2023, nearly nine million cases of phishing scams were registered worldwide, making it the most frequently reported type of cybercrime. Personal data breach ranked second, with 1.66 million incidents, followed by 1.5 million non-payment/non-delivery cases.
Between October 2021 and September 2022, malware was the most common type of cyber incident in manufacturing organizations. The attack vector targeted around 37 percent of organizations in this sector worldwide. Network and application anomalies ranked second, with 23 percent, while system anomalies followed, with 20 percent.
More than 2.8 thousand of the cybercrime cases cleared in Japan in 2023 were fraud cases. Fraud was the most common type of cleared cybercrime during that year, followed by violations of the law against child pornography.
Cybercrimes in Japan
The number of cleared cybercrime cases gradually increased throughout the latter half of the 2010s, which partly reflects an increasing attention on the issue within Japan. Preventing cybercrime damages and investigating offenders have become crucial tasks for the police in an environment in which citizens and the economy rely on the internet to an unprecedented degree. The number of online banking frauds surged in 2023, and the amount of money lost through online banking fraud increased accordingly during that year. Other crimes involving financial damages include a variety of offenses, such as violations of the copyright law and ransomware attacks.
Cybercrimes and the Japanese police
In April 2022, a new bureau featuring a special investigative team dedicated to cybercrimes was established at the National Police Agency. One of the tasks of the Cyber Affairs Bureau, which is supposed to centralize work that had previously been taken care of by different prefectural bureaus, is to analyze cyberattack methods. This also includes attacks originating in other countries, which previously were difficult to address. The National Cyber Unit is tasked with handling high-profile cases, such as attacks on local governments and critical infrastructure. News reports point out that the establishment of the Cyber Affairs Bureau led to improved information-gathering capabilities, which make it easier for Japan to participate in international joint investigations.
The number of cleared cybercrime cases in Japan amounted to about 12.48 thousand in 2023. It consistently increased in recent years.
Most common type of cleared cybercrimes are frauds
A breakdown of cleared cybercrime cases shows that fraud was the most common type of cleared cybercrime, followed by violations of the law against child pornography. The latter continues to be a problem despite a revision of the legislation in 2014 following international concern about the sexual exploitation of children in Japan. Crimes involving financial damages repeatedly made the headlines in Japanese news outlets in recent years. The number of online banking frauds surged in 2023, which led to an increase in the amount of money lost through online banking frauds.
Improving Japan’s cybersecurity strategy
Preventing damages by cyberattacks has become more and more important as citizens and the economy increasingly rely on online networks and services. As Japan was elected host of the 2020 Summer Olympics in 2013 and the Council for Science, Technology and Innovation (CSTI) introduced the vision of an increasingly interconnected “Society 5.0” in 2016, there was a strong motivation to improve the country’s cybersecurity strategy. Among other things, Japan enacted the Basic Act on Cybersecurity and established the Cybersecurity Strategic Headquarters in 2014. In 2022, a new bureau featuring a special investigative team dedicated to cybercrimes was established at the National Police Agency. The bureau is supposed to centralize cybercrime related tasks and features a special investigative team that handles threats such as attacks on local governments and critical infrastructure.
Between 2010 and 2023, the worldwide automotive industry saw many cyber-related challenges. The industry's most common outcome of cyber crime was service and business disruption, such as delays or halts in production, caused by a cyber attack, which occurred 42 percent of the time of a cyber incident. Data and privacy breach was the second-most common impact of cyber attacks, with 22 percent of the total effects. Fraud and Vehicle theft were other typical outcomes of cybercrime in the automotive industry.
A September 2023 survey of American adults found that the most frequently experienced type of financial cybercrime was credit card fraud, reported by roughly 64 percent of respondents. The breach of financial data was ranked second, followed by account hacking.
Cyber incidents were the leading risk to businesses globally for 2025, according to a survey carried out among risk management experts in late 2024. These cyber incidents refer to things such as cyber crime, IT failure or outages, data breaches, and fines and penalties. The global cyber insurance market is forecast to grow consistently in coming years. What is cyber crime? Cyber crime refers to any criminal activities carried out through the use of a computer, a digital network, or the internet. As of January 2024, the biggest reported data leak to occur in the past few years was the 2020 hack of the online platform Cam4, which affected more than 10 billion user accounts. In 2020, the Global Cybersecurity Index (GCI) ranked the United States as the country with the highest commitment to cyber security. Cyber attacks in the U.S. Instances of cyber crime has been on the rise in recent years, with the annual number of data breaches in the U.S. reaching a total of over 3,200 in 2023. At the same time, about 350 million individuals were seemingly affected by record exposure. In 2023, the most common type of cyber attack experienced by U.S.-based companies was network intrusion. Network intrusion refers to unauthorized access to a corporate network.
As of January 2023, phishing, spear phishing, or smishing were the most common types of cyberattacks in France, with around six in 10 companies encountering it. The exploitation of a vulnerability ranked second, with 43 percent. The third most common cyberattack was denial-of-service attack (DOS), detected by 34 percent of the respondents.
More than 103,400 incidents violating the security of the Polish internet were registered in 2024. Fraud, including phishing, gained considerable popularity among cybercriminals. The most common incidents were malicious software attacking the internet user and abusive content, including spam.
In 2018, the National Gendarmerie in France had reported around 68 thousand cybercrimes. From these, the source has provided an in depth ananlysis of the different types of cybercrimes and which ones were the most common in France in 2018. That year, most of the cybercrimes (75 percent) consisted of fraud. Identity theft was the second most common crime, yet around 70 percent less occuring than fraud.
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According to Cognitive Market Research, the Global market for phishing protection is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The Asia-Pacific region has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
North America is the fastest growing with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The solution segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The cloud segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Email-Phishing has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
BFSI has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Market Dynamics
Key Drivers
The rise in the number of phishing attacks globally is favoring the market growth
Strong phishing protection solutions are in more demand as a result of the growing anxiety that phishing assaults are causing among both individuals and enterprises. Phishing is a type of cybercrime that has become more common and sophisticated. In it, attackers pose as reputable organizations in an attempt to trick consumers into disclosing personal information. Because of this and the need for more stringent security and regulatory compliance, the phishing prevention industry is growing quickly. Phishing instances have increased significantly in recent years, according to the FBI's Internet Crime Complaint Centre (IC3). With over 300,000 complaints, phishing was the most frequently reported cybercrime, according to the 2022 Internet Crime Report. Comparing this to other years, there has been a noticeable increase, highlighting the expanding threat scenario. Phishing assaults require sophisticated defenses because they have progressed from straightforward email scams to intricate multi-phase operations that take advantage of human behavior. Businesses are realising that the newest phishing techniques cannot be defeated by using antiquated security solutions. Due to this, phishing prevention systems are becoming more all-inclusive and include features like email filtering, multi-factor authentication, user education, and threat intelligence. The need for these cutting-edge solutions has been further spurred by the growing threat of business email compromise (BEC), in which attackers pose as company officials to start fraudulent activities. Increasing the effectiveness of defenses against phishing is emphasized by government organizations and cybersecurity specialists. Organizations can reduce their exposure to phishing threats by frequently utilizing information and guidance offered by the Cybersecurity and Infrastructure Security Agency (CISA). They advise adopting a zero-trust security paradigm, setting up technical controls to identify and stop questionable emails, and teaching staff members to spot phishing attempts. The need for a multi-layered approach to phishing prevention is highlighted by these best practices, and this is what is fueling the market's expansion. Furthermore, the growing ubiquity of remote labor coupled with digital transformation programs has increased the attack surface available to cybercriminals. Workers who work remotely might not have the same security measures in place as those who work in an office setting, which leaves them more susceptible to phishing scams. Businesses have been forced by this tendency to spend money on cloud-based phishing prevention technologies that can safeguard a staff that is dispersed. Therefore, the escalating frequency and complexity of phishing attacks are propelling the growth of the phishing protection market.
The various regulations and compliances around the globe are favoring market growth
As cyber risks continue to grow, phishing protection has become a key concern for both individuals and enterprises. The laws and regulatory requirements that are propelling the phishing protection market's expansion are intended to strengthen cybersecurity defenses and shield private information from nefarious individuals. The Ge...
As of December 2023, approximately ** percent of IT security experts in French companies identified opportunistic cyber attacks as the most common cyber crime-related issue faced by businesses in France. The second most prevalent problem, reported by ** percent of respondents, was the implementation or use of unapproved applications, also known as shadow IT. Permanent residual vulnerabilities ranked as the third most common issue faced by French companies, with ** percent reporting it.
The most common type of information leaked in Russia in 2023 was personal data, whose share in total breaches exceeded 73 percent. The portion of data theft cases targeting confidential governmental information reached 6.6 percent of the total.
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The global ransomware file decryptor market size is anticipated to grow from USD 1.2 billion in 2023 to USD 4.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 16.5% during the forecast period. This robust growth is primarily driven by the increasing frequency and sophistication of ransomware attacks, compelling organizations across various sectors to invest substantially in ransomware file decryptor solutions.
The proliferation of ransomware attacks has surged dramatically over the past few years, becoming one of the most prevalent and damaging types of cybercrime. The increased reliance on digital platforms and remote work arrangements has expanded the attack surface for cybercriminals, making organizations more vulnerable. This heightened threat landscape is a significant growth factor for the ransomware file decryptor market, as businesses seek to mitigate the risks associated with data breaches and financial losses. Moreover, the rising volume of sensitive data being stored and transmitted electronically necessitates robust cybersecurity measures, further propelling market growth.
Another pivotal growth driver is the stringent regulatory environment that mandates data protection and cybersecurity compliance. Governments and regulatory bodies worldwide have implemented rigorous data security laws such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States. These regulations compel organizations to adopt comprehensive cybersecurity frameworks, including ransomware file decryptor solutions, to avoid hefty fines and legal repercussions. Additionally, the increasing awareness among enterprises about the financial and reputational damage caused by ransomware attacks is fostering the adoption of these solutions.
The rapid advancement in ransomware attack techniques, including the use of artificial intelligence and machine learning by cybercriminals, further necessitates the adoption of advanced ransomware file decryptor tools. Organizations are increasingly recognizing the need for proactive and reactive measures to counteract these sophisticated threats. Innovations in cybersecurity technologies, including the development of more effective and efficient decryption tools, are also contributing to market expansion. The integration of AI and machine learning in ransomware file decryptors is enhancing their capability to counteract evolving ransomware strains, thereby driving market growth.
Regionally, North America holds a significant share in the ransomware file decryptor market, driven by the high incidence of ransomware attacks and stringent regulatory frameworks. The presence of major cybersecurity vendors and the early adoption of advanced cyber defense solutions in the region further bolster its market dominance. Europe also represents a substantial market share, attributed to the stringent data protection regulations and the increasing frequency of cyberattacks. The Asia Pacific region is expected to witness the highest CAGR during the forecast period, fueled by the rapid digital transformation, increasing cyber threats, and growing investments in cybersecurity infrastructure.
The ransomware file decryptor market can be segmented by component into software and services. The software segment comprises various types of decryption tools designed to unlock files encrypted by ransomware. These solutions are increasingly sophisticated, utilizing advanced algorithms and machine learning techniques to identify and reverse the encryption methods used by ransomware. The demand for software solutions is driven by their efficiency, ease of deployment, and the ability to provide rapid decryption, minimizing downtime and data loss. As ransomware attacks become more advanced, the continuous development and innovation in decryption software are essential to keep pace with emerging threats.
On the other hand, the services segment includes professional services such as incident response, consulting, and managed security services. These services are crucial for organizations that lack the in-house expertise to deal with complex ransomware attacks. Incident response teams provide immediate support to organizations under attack, helping to contain the breach, assess the damage, and recover data using decryption tools. Consulting services offer strategic guidance on cybersecurity practices and help organizations develop robust defense mechanisms. Managed security services provide ongoing monitoring and threat detection, ensuring cont
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The global crime insurance market is experiencing a significant surge with a market size valued at approximately $7.5 billion in 2023 and projected to reach $12.8 billion by 2032, reflecting an impressive compound annual growth rate (CAGR) of 6.5%. The market's expansion is driven by increasing incidences of corporate fraud, cybersecurity threats, and evolving regulatory requirements that compel businesses to seek comprehensive risk management solutions. As organizations face more sophisticated financial crimes, there is a growing recognition of the importance of crime insurance as a vital component of their risk mitigation strategy.
One of the primary growth factors contributing to the expansion of the crime insurance market is the proliferating incidents of employee theft and fraud across various sectors. As businesses scale and digitalize their operations, they become more susceptible to internal threats, notably employee malfeasance. This vulnerability drives corporates and financial institutions to invest in robust insurance solutions that provide coverage against potential losses. Additionally, the complexity and ingenuity of fraudulent schemes have intensified, compelling businesses to adopt comprehensive policies that cover a wide array of criminal acts, thereby fueling market growth.
Moreover, the digital transformation across industries has also opened new avenues for cybercrime, necessitating the inclusion of computer fraud and funds transfer fraud coverage. Cybercriminals exploit technological vulnerabilities, leading to significant financial losses and reputational damage. This digital threat landscape has galvanized businesses to seek crime insurance that not only addresses traditional fraud scenarios but also encompasses modern cyber threats. As digital integration becomes deeper within business operations, the demand for tailored crime insurance products is expected to escalate further.
Another critical growth driver is the stringent regulatory environment mandating businesses to implement robust fraud prevention and response mechanisms. Regulatory frameworks across various regions have increased the accountability of organizations in terms of safeguarding their assets and those of their clients or customers. Compliance with such regulations often necessitates comprehensive crime insurance coverage, contributing to the market’s expansion. Furthermore, as businesses face reputational risks associated with fraud incidents, there is an increasing emphasis on maintaining trust and credibility, which is effectively supported by crime insurance solutions.
Regionally, the North American market remains a prominent player, driven by a high incidence of corporate fraud and a well-established insurance sector. This market is complemented by growing awareness and adoption in Europe and Asia Pacific, where businesses are progressively recognizing the importance of crime insurance in safeguarding against financial crimes. In particular, the Asia Pacific region is expected to witness substantial growth, supported by rapid economic development and rising incidents of sophisticated fraud schemes, making crime insurance a critical component of corporate risk management strategies.
The coverage type segment of the crime insurance market is multifaceted, catering to a diverse range of fraud-related risks that enterprises face. Employee theft remains one of the most prevalent and damaging forms of fraud, compelling organizations to seek comprehensive coverage solutions. As employees gain more access and control over sensitive company information and financial resources, the risk of theft increases. This category of coverage insurance addresses various forms of misappropriation of funds or property by employees, a concern that is particularly acute in sectors with large cash flows or sensitive data.
Forgery or alteration coverage is another critical component within this segment, addressing risks associated with the falsification or manipulation of documents and financial instruments. As businesses process a significant volume of transactions daily, the potential for forgery rises, necessitating coverage that ensures protection against fraudulent alterations. This type of coverage is especially crucial for financial institutions and sectors where documentation integrity is paramount, providing peace of mind and financial security against potential falsification losses.
Computer fraud and funds transfer fraud coverage have gained prominence due to the increasing relianc
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According to Cognitive Market Research, the size of the global market for private security services was USD 78.5 billion in 2022 and will increase at a CAGR of 4.10% from 2023 to 2030. How are the Primary Opportunities Affecting the Market for Private Security Services?
Increased Acceptance of Virtual Security Systems is a Key Factors Driving the Growth of the Private Security Services Industry
Virtual security systems are frequently used in the retail, building, residential complex, parking lot, hotel, and governmental institution security industries. As opposed to deploying a large number of human-guarding people, virtual security systems are a more cost-effective method for discouraging and reducing criminal activity. Virtual security systems are essential to the operation of small businesses that need security services because the cost of manned guarding is rising dramatically as a result of an increase in labor costs. So, according to Technavio, virtual security systems will soon become more common.
The most frequent type of internet crime is still phishing. 323,972 online users reportedly fell for phishing scams in 2021. This indicates that 50 percent of the users whose data was compromised fell victim to a phishing scam. During the pandemic's height, phishing incidents increased by 220%.
(Source:aag-it.com/the-latest-cyber-crime-statistics/#:~:text=Phishing%20remains%20the%20most%20common,phishing%20incidents%20rose%20by%20220%25.)
The Market for Private Security Services is limiting its Growth
Due to a Lack of Private Security Employees the Private Security Services Market would Face Significant Challenges
Since the metropolitan population is expanding so quickly around the world, there is a considerable rise in the need for private security services. A lack of qualified private security people, however, is a problem for private security service providers and has an impact on their ability to make money. This presents a problem for the market's expansion because the development of private security services relies on manned security services. The lack of private security employees around the world is being caused by elements like a lack of career paths, disparities in compensation packages, and lengthy working hours.
Impact of COVID-19 on Private Security Service Market
Many people have turned to theft and crime as a result of the increased unemployment brought on by the Covid-19 pandemic. For this reason, many people and towns have started to employ private security guards. The medical section also employs security guards to manage vacation manufacturing and transportation. The environment and social segregation in the hospital are also influenced by these guards. Introduction of Private Security Service
Human protection, video monitoring, presidential safety, event safety, and cyber security solutions are a few examples of private security services. This sector provides services to residential complexes, governmental organizations, and well-known individuals in addition to commercial organizations. Given the state of the market, the market is anticipating growth. The services should continue to grow after the economy has recovered as the digitised phase is anticipated to grow over time.
These advancements enable companies to provide more customized products and services, which helps the private security services industry flourish.
For instance, in 2020, the market will reach INR 2.9 lakh crore (about USD 35.4 billion), and in 2022, INR 3.7 lakh crore (about USD 45.4 billion). All skilled, semi-skilled, and unskilled employees are included in the data.
(Source:timesofindia.indiatimes.com/blogs/voices/need-for-the-indian-private-security-industry-to-evolve-to-make-its-personnel-meet-international-standards/?source=app&frmapp=yes)
In the observed period, phishing was the most common type of cyber attack in Czechia. In 2023, it amounted to 53 percent of cyber attacks against various organizations. It was followed by scanning at over a fourth of the attacks and fraudulent emails, which made up 17 percent of the registered attacks.
Abstract copyright UK Data Service and data collection copyright owner.
The Commercial Victimisation Survey (CVS) is a survey of the extent of crime and crime related issues experienced by business premises in England and Wales. It provides additional detail on the extent of crime to be used alongside the other main sources of information on crime. These are the Crime Survey for England and Wales (CSEW) (formerly the British Crime Survey), which covers crimes against private individuals and households, and the Police Recorded Crime statistics, which cover crimes reported to the police. In common with the CSEW, the CVS also includes crimes that are not reported to the police. The Police Recorded Crime data tables are available from the GOV.UK website.In 2023, the most common type of cyber crime reported to the United States internet Crime Complaint Center was phishing and spoofing, affecting approximately 298 thousand individuals. In addition, over 55 thousand cases of personal data breaches cases were reported to the IC3 during that year. Dynamic of phishing attacks Over the past few years, phishing attacks have increased significantly. In 2023, almost 300 thousand 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. In 2023, 76 percent of the surveyed worldwide organizations reported encountering bulk phishing attacks, while roughly three in four were targeted by smishing scams. Impact of phishing attacks Among the most targeted industries by cybercriminals are healthcare, financial, manufacturing, and education institutions. An observation carried out in the first quarter of 2023 found that social media 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. Very often, phishing e-mails contain a crucial risk for the organization. Almost three in ten worldwide organizations that have experienced phishing attacks suffered from a customer or a client data breach as a consequence. Phishing scams that delivered ransomware infections were also common for the surveyed organizations.