India Home To Fourth Highest Number Of Cybercrime Victims Globally: FBI

SUMMARY

India reported 3,131 cybercrime victims, while US and UK had 4.66 Lakh and 3.03 Lakh victims, respectively

A majority of the total cybercrimes pertained to phishing, smishing, pharming and vishing attacks, together accounting for 3.23 Lakh victims, the FBI report said

The report sourced data fromFBI’s Internet Crime Complaint Center’s website where victims file the complaints

India had the fourth-highest number of cybercrime victims in 2021, according to a report by the United States’ Federal Bureau of Investigation (FBI).

The report said that India had 3,131 cybercrime victims, just behind the US, the UK and Canada. While Canada had 5,788 victims, the UK had 3.03 Lakh. The US led the chart with more than 4.66 Lakh cybercrime victims.

The revelations are from the annual Internet Crime Report published by the FBI’s Internet Crime Complaint Center (IC3). The report sourced data from the IC3 website where victims file the complaints.

A majority of the total cybercrimes pertained to phishing and vishing attacks, accounting for 3.23 Lakh victims. Personal data breach accounted for 51,829 victims, while 51,629 users claimed identity theft.

The report also noted that more than 2.76 Mn complaints were filed on the IC3 portal in the last five years, claiming total losses amounting to $18.7 Bn. In 2021, the FBI received 8,47,376 complaints resulting in losses of more than $6.9 Bn.

According to the report, a majority of the victims were above the age of 60 years. However, the complaints were reported from all age groups, including 20-29 years and 50-59 years.

Besides, the IC3 received 649 complaints that indicated organisations belonging to critical infrastructure sectors were victims of a ransomware attack.

India continues to report a big spurt in cybercrime activities. Truecaller’s Global Scam Report 2021 noted that India received the fourth-highest number of spam sales and telemarketing calls in the world last year.

Not just individuals, big corporations and startups also have fallen prey to cyber criminals. Earlier this month, fintech player Razorpay filed a complaint for theft of INR 7.3 Cr from the company coffers by a hacker. Earlier last week, an attempted ransomware attack on SpiceJet stranded passengers and disrupted airline operations.

Another study by Microsoft found that seven out of 10 Indian consumers faced tech support related scams last year. It further added that 31% of Indians lost their money in various acts of cyberattacks.