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.

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.

In 2023, network intrusion was the most common type of cybercrime attack experienced by companies in the United States, accounting for ** percent of incidents. Business e-mail compromise (BEC) ranked second, with ** percent of data security incidents in U.S. companies. A further ** percent of companies reported having encountered inadvertent disclosure.

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.

More than *** 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.

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.

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 ** 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 ***** in 2023. At the same time, about *** 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.

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...

Ransomware File Decryptor Market Outlook

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.

Component Analysis

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

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.

Between October 2021 and September 2022, malware was the most common type of cyber incident in manufacturing organizations. The attack vector targeted around ** percent of organizations in this sector worldwide. Network and application anomalies ranked second, with ** percent, while system anomalies followed, with ** percent.

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.

Crime Insurance Market Outlook

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.

Coverage Type Analysis

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

AimResearch on deception detection has usually been executed in experimental settings in the laboratory. In contrast, the present research investigates deception detection by actual victims and near victims of fraud, as reported in their own words.Materials and methodsOur study is based on a nationally representative survey of 11 types of (mostly) online fraud victimization (N = 2,864). We used qualitative information from actual victims and near victims on why they didn’t fall for the fraud, or how, in hindsight, it could have been prevented.ResultsThe main detection strategies mentioned by near victims (N = 958) were 1) fraud knowledge (69%): these near victims clearly recognized fraud. Other strategies related to fraud knowledge were: noticing mistakes (27.9%), rules and principles about safe conduct (11.7%), and personal knowledge (7.1%). A second type of strategy was distrust (26.1%). A third strategy was ‘wise through experience’ (1.6%). Finally, a limited number of respondents (7.8%) searched for additional information: they contacted other people (5.5%), sought information online (4%), contacted the fraudster (2.9%), contacted their bank or credit card company (2.2%), or contacted the police (0.2%). Using knowledge as a strategy decreases the probability of victimization by a factor of 0.43. In contrast, all other strategies increased the likelihood of victimization by a factor of 1.6 or more. Strategies generally were uncorrelated, several strategies differed by type of fraud. About 40% of the actual victims (N = 243) believed that their victimization might have been prevented by: 1) seeking information (25.2%), 2) paying more attention (18.9%), 3) a third party doing something (16.2%), 4) following safety rules or principles, like using a safer way of paying or trading (14.4%), or by 5) ‘simply not going along with it’ (10.8%). Most of these strategies were associated with a higher, not lower, likelihood of victimization.ConclusionClearly, knowledge of fraud is the best strategy to avoid fraud victimization. Therefore, a more proactive approach is needed to inform the public about fraud and attackers’ modus operandi, so that potential victims already have knowledge of fraud upon encountering it. Just providing information online will not suffice to protect online users.

Reported cyber crimes in Kenya increased to over **** billion in 2024. System vulnerabilities were the most common online-related crime in the country, with some *** billion reports. In general, the number of cyber crimes in Kenya grew by nearly ***** percent since 2018.

DeFi has attracted legitimate investors and scammers alike. The paper presents an empirical investigation into the prevalence of rugpulls, a scam where cryptocurrency project developers exit without fully delivering and leave investors in the wind. Using forum data, 101 rug- pulls from 6 different types of DeFi services are documented. ICOs form the majority of the rugpulls, most of which were active for less than six months before scamming out. ICOs rugpulled in 2021 were active for a much longer time than those that were rugpulled later on, perhaps pointing to new entrants intending to pull the rug. Through qualitative thematic analysis, we discover that these schemes primarily use authoritative and financial lures at the announcement stage of the project to mimic legitimate projects.

The European digital forensics market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 10.90% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing incidence of cybercrime, coupled with stringent data privacy regulations like GDPR, necessitates robust digital forensics capabilities across various sectors. Government and law enforcement agencies are leading adopters, investing heavily in advanced technologies to combat sophisticated cyber threats and ensure effective evidence gathering. Furthermore, the burgeoning BFSI (Banking, Financial Services, and Insurance) sector's need for robust fraud detection and prevention systems is significantly contributing to market growth. The rising adoption of cloud computing and mobile devices also expands the attack surface, creating a greater demand for digital forensic solutions. While challenges such as the high cost of specialized software and hardware and the need for skilled professionals exist, the overall market outlook remains positive, with significant opportunities for growth in specialized areas like mobile and network forensics. Market segmentation reveals that hardware components currently hold the largest share, followed by software and services. Within the "type" segment, mobile forensics is rapidly gaining traction due to the ubiquity of smartphones and the increasing amount of sensitive data stored on these devices. Geographically, the UK, Germany, and France represent the largest markets within Europe, reflecting their advanced digital infrastructure and strong regulatory frameworks. The market's future growth will hinge on continuous technological innovation, the development of specialized skills within the workforce, and ongoing investment in security infrastructure across all sectors. The competitive landscape is characterized by a mix of established players like IBM and OpenText (through Guidance Software) and specialized forensic technology providers such as Nuix and MSAB. Smaller companies often focus on niche segments, for instance, offering expertise in specific types of digital evidence or catering to particular industry needs. Consolidation within the market is also a possibility, as larger firms seek to expand their offerings and gain a wider market share. The market's future trajectory will depend on factors such as the evolving cyber threat landscape, advancements in forensic technologies, and the overall economic climate within Europe. Successful companies will need to adapt to the changing needs of their clients, providing innovative solutions that meet the growing demand for efficient and effective digital forensics capabilities. This necessitates a focus on research and development, strong partnerships, and the cultivation of a skilled and knowledgeable workforce. Europe Digital Forensics Market: A Comprehensive Analysis (2019-2033) This in-depth report provides a comprehensive analysis of the Europe digital forensics market, offering valuable insights into its growth trajectory, key players, and future trends. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is an indispensable resource for businesses, investors, and researchers seeking to understand this dynamic market. The market size is projected to reach several hundred million Euros by 2033, driven by several factors detailed within. The report covers various segments including hardware, software, services, and different forensic types (mobile, computer, network), across key end-user industries like government, BFSI, and IT & Telecom. Recent developments include: December 2022 - An agreement was reached between the European Commission and the Office of the Prosecutor of the International Criminal Court (ICC), which improves the court's capacity to handle digital evidence. Investigations into Russia's aggressiveness against Ukraine will also benefit from this. By the agreement, the EU would provide EUR 7.25 million to assist the ICC in more quickly processing new types of evidence., March 2022 - Through the acquisition of Eurofins Forensics Services' digital forensics division, Eurofins Cyber Security UK has expanded its digital forensics offerings. With the acquisition, Eurofins Cyber Security UK, a division of Eurofins Digital Testing, can now offer comprehensive testing services for systems, security, gadgets, and digital forensics.. Key drivers for this market are: Growing Adoption of IoT Devices Driving the Demand for Digital Forensic Solutions and Services, Growing Cybercrimes and Security Concerns across Industries. Potential restraints include: Consumers Desire for Fine Dining Experience. Notable trends are: Growing Adoption of IoT Devices is Driving the Demand for Digital Forensic Solutions and Services.

In 2024, individuals aged 60 and older in the United States filed more than ****** complaints about phishing cases. Approximately ****** victims reported incidents of personal data breach. ********* was also frequently encountered by victims aged 60 and older in the measured year. Overall, the number of complaints about cryptocurrency crimes almost ******* compared to 2023.

According to a survey conducted in Israel in 2023, the most common cybercrime incidents reported by respondents were information theft and/or unauthorized distribution of information, at **** percent. Identity theft was the second most frequent cybercrime, at **** percent. Other common cybercrime incidents included computer offenses and extortion.

Watch Vishal Shikand, Joint President - Commercial Lines, HDFC ERGO General Insurance, on ET Now Swadesh as he shares key insights on Cyber Insurance, its necessity and benefits in the age of social media, and how it can protect you from cyber crime. This informative session sheds light on one of the most crucial types of insurance today. Don’t miss out on this valuable piece.

https://www.youtube.com/watch?v=NrVnrf8r-og

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