According to the Consumer Sentinel Network, reports of identity theft more than doubled from 650,000 in 2019 to nearly 1.4 million in 2020. (Credit: Twinsterphoto/Shutterstock.com) According to the Consumer Sentinel Network, reports of identity theft more than doubled from 650,000 in 2019 to nearly 1.4 million in 2020. (Credit: Twinsterphoto/Shutterstock.com)

From 2019 to 2020, the U.S. experienced a 311% increase in ransomware attacks, with victims paying out a total of $350 million. Experts believe one important contributing factor for this kind of attack is the number of employees working from home. The COVID-19 pandemic forced the country to work remotely, creating the perfect storm for hackers.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Information Security
Cybersecurity