Photo: Pungu x / Adobe Stock American companies are spending more than ever to beef up their cybersecurity, but threat actors are still managing to stay one step ahead, a discouraging phenomenon security professionals are trying to combat by drawing more attention to the leading vulnerability in the security chain—humans.
Internet crime complaints have surged, according to the FBI, with reported financial losses from 2018 through 2022 totaling $27.6 billion, including $10 billion in 2022. The agency isn't expected to release 2023 data until March, but experts are bracing for an even larger financial hit.
"For years, now we have been battling this by dumping more and more money, and purchasing better and better technology," said Mick Leach, field security chief for Abnormal Security, which hosted a virtual conference on this year's cyberthreats on Thursday. "The bad guys continue to get away with more and more, no matter how much we continue to level up our tech stacks."
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Maria Dinzeo
Maria Dinzeo is a San Francisco-based journalist covering the intersection of technology and the law, with a focus on AI, privacy and cybersecurity.
