U.S. Cybercrime Statistics for 2018: California Expected to Report the Most Losses in U.S. Due to Cyber Attacks

U.S. Cybercrime Statistics
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Cybercrime is the fastest growing criminal activity affecting most people every year in the U.S. Cybercrimes like credit card fraud, e-mail hacking, identity theft, ransomware, and account stealing are common these days. Every year, the U.S. spends billions of dollars to combat cybercrime, but still, the severity of U.S. cyber attacks is increasing day by day. Cybercrime statistics for 2018 predicted that California would lose the most money out of all U.S. states due to cybercrime.

The data below details the five states most at risk of cybercrime, the states most likely to be cyberattacked, the states where cybercrime is growing the fastest, the states that will lose the most money to cybercrime, and the states with the highest amount of money lost per cybercrime.

Cybercrime Statistics for 2018: Top Five States Most at Risk of Cybercrime

The research suggested that California will have the most cybercrime complaints of any state in 2018. The state is expected to report more cybercrime attacks than the bottom 27 states combined, which is quite surprising. The safest state would be Vermont, with only 413 cybercrimes predicted to be reported this year.

Here is the list of top five states most at risk of cybercrime:

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State Estimated Cybercrime Complaints
1. California 55,774
2. Florida 37,225
3. Texas 33,644
4. Michigan 20,021
5. New York 19,507

Cybercrime Statistics for 2018: Top Five States Most Likely to Be Attacked

The research suggested that Michigan residents are more likely to experience a cyber attack because of the state’s small population. With 201.89 complaints per 100,000 people, Michigan would be one of the most vulnerable states to cybercriminals. Hawaii is predicted to have the lowest number, with only 55.2 complaints per 100,000 people. The figures in the table below highlight the state that has more complaints per population than any other, Michigan.

The list of the top five states most likely to be attacked is as follows:

State Estimated Cybercrime Complaints per 100,000 People
1. Michigan 201.89
2. Florida 176.37
3. Delaware 175.61
4. Missouri 153.56
5. Connecticut 152.56

Cybercrime Statistics for 2018: Top Five States Where Cybercrime Is Growing the Fastest

Research suggested that Florida will observe the biggest annual increase in cybercrime complaints with an average 1,421 additional complaints each year. New York is predicted to have the least number of complaints; it has lowered the number of complaints by around 349 each year.

Here is the list of the top five states where cybercrime is growing the fastest:

State Average Yearly Growth in Cybercrime Complaints
1. Florida +1,421 per annum
2. Michigan +1,295 per annum
3. Illinois +562 per annum
4. Missouri +551 per annum
5. California +515 per annum

Cybercrime Statistics for 2018: Top Five States That Will Lose the Most Money to Cybercrime

California topped the list concerning potential monetary losses due to cybercrime. Vermont and North Dakota are predicted to lose the least—overall less than a million dollars stolen in 2018.

Here is the list of top five states that will lose the most money to cybercrime:

State Estimated Losses to Cybercrime
1. California $329,062,355
2. New York $139,450,948
3. Florida $111,756,654
4. Texas $96,024,002
5. Virginia $64,313,078

Cybercrime Statistics for 2018: Top 5 States That Will Be Hit Hardest by Cybercrime Attacks

New York is reported to be hit hardest by cybercrime attacks with a loss of around $7,149 per cybercrime attack. Maine is expected to have the smallest loss, at around $950.00 per attack.

Here is the list of the top five states that will be hit hardest by cybercrime attacks:

State Estimated Loss per Reported Cybercrime
1. New York $7,149
2. Virginia $6,795
3. Colorado $6,106
4. California $5,900
5. Oklahoma $5,714

Cybercrime Cost U.S. Consumers $19.4 Billion in 2017

Cybersecurity firm Symantec Corporation (NASDAQ:SYMC) has reported that in the U.S., 69% of the social-media generation was impacted by cybercrime cases in 2017. Moreover, everyone, from Baby Boomers to Gen Xers, was affected by cyber attacks. More than half of the adult population using the Internet in the U.S. was hit by some form of malware, spyware, or virus attacks. Worldwide, the number went up to 978 million Internet users.

It is reported that U.S. consumers had a loss of $19.4 billion and around 20 hours of time dealing with the issues related to cyber attacks. Globally, the amount went up to $172.0 billion. Many of these losses were because of customer negligence. The report claimed that 60% of the U.S. consumers who fell victim to cybercrime share at least one of their passwords on their device or online accounts with another person.

Besides affecting people, cybercrime also affected U.S. companies. As per the 2017 Accenture cybercrime cost report, in the past five years, cybercrime hiked by 62% and malware attacks cost up to $2.4 million per attack.

The total cybercrimes cost went up to $11.7 million per year in 2017, which was $9.5 million in the prior year. According to the report, U.S. companies paid the most for cybercrime-related issues: $21.22 million. The financial industry suffered the most. Industries in the utility and energy, defense, and technology sectors also were impacted by cybercrime.

The cybercrime statistics for 2018 is a guideline for all of us to remain alert. One must follow the most basic cybersecurity practices for online safety. Never share your password, make sure you change your password every few months, avoid using the same password for multiple accounts, and use antivirus programs. These are just some of the basic ones to be implemented.

Sources:

Cybercrime In America – Which State Is Most At Risk In 2018?,” Website Builder Expert, January 2, 2018.

These 10 US states will lose the most money to cybercrime in 2018,” TechRepublic, January 26, 2018.

Consumers lost $19.4 billion to cybercriminals in 2017,” Yahoo! Finance, January 23, 2018.

Cybercrime costs US companies $21.2M per year, study finds,” CIO Dive, September 29, 2017.

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Categories: Crime, Economic Report

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