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ANIEL SECURITY
The Problem
According to the Federal Bureau of Investigations (FBI), Americans reported losses exceeding $12.5 billion due to cybercrime in 2023.
This translates to approximately $1.43 million per hour or about $23,800 per minute.
Globally, cybercrime costs are projected to reach $10.5 trillion annually by 2025.
This equates to around $1.2 million per hour or $20,000 per minute worldwide.
These estimates highlight the significant financial impact of cybercrime, emphasizing the importance of robust cybersecurity measures.
Why It Matters To You
Key Figures for Individuals 45 and Older:
Approximately 40–45% of cybercrime victims are typically aged 45 and older. This demographic often experiences scams such as phishing, tech support fraud, and financial extortion schemes.
Losses for this age group often account for 50–60% of total cybercrime financial losses.
For instance, if total cybercrime losses were $12.5 billion in 2023, people aged 45 and older likely experienced between $6.25 billion and $7.5 billion in losses.
Why This Age Group is Targeted?
Higher Disposable Income: This age group often has more financial resources, making them attractive to cybercriminals.
Lack of Familiarity with New Technologies: Older individuals might be less familiar with cybersecurity best practices.
Scam Types: Common schemes include romance scams, investment fraud, and elder fraud schemes.
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