Cybersecurity experts predicted the financial damages caused by cyber threats to reach $6 trillion by the end of 2021. Cyber Attack incidents are also expected to occur every 11 seconds in 2021. It was 19 seconds in 2019 and 40 seconds in 2016. In the future, we would have cyberattacks possibly happening every second. As a result, we would see a surge in frequency and significant financial damages to victims.
So what are hackers searching for?
Frequently stolen information includes:
Social Security Numbers
Date of birth
Most hackers acquire the information they can sell or use. Stolen credit card numbers are at the bottom of the barrel these days because they are so easily accessible. Social security numbers are the main target – they are worth much more to identity thieves to commit miscellaneous crimes pretending to be someone else.
While your computer is connected to the Internet, the malware a hacker has installed on your PC quietly transmits your personal and financial information without your knowledge or consent. Or, a computer predator may pounce on the private information you unwittingly revealed. In either case, they will be able to:
Hijack your usernames and passwords
Steal your money and open credit card and bank accounts in your name
Ruin your credit
Request new account Personal Identification Numbers (PINs) or additional credit cards
Add themselves or an alias that they control as an authorized user so it’s easier to use your credit
Obtain cash advances
Use and abuse your Social Security number
Sell your information to other parties who will use it for illicit or illegal purposes
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