With all of that having been said and now out of the way, it is important to note that these scams have increased exponentially these past two years. Scams of this variety cost companies around $54 million in 2019, which was a bump up from the $38 million they lost in 2018. This almost tripled to $147 million in 2020, though, and 2021 saw a further 137% increase in these kinds of scams.
Companies lost almost $348 million in 2021 due to damages claimed by customers who were scammed by people claiming to work for the brand. That means that these companies are facing nearly a million dollars in damages every single day with all things having been considered and taken into account. Around 60% of the victims of these scams were over 60 years old which means that senior citizens are a particular vulnerable target for people that want to steal their valuable information or funds.
- Alo read: Alarming Numbers of Malware Are Being Detected With The Growing Cyber Threats In Various Software
H/T: Atlas VPN.
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