California Named The Most Vulnerable State To Cybercrime

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California Named The Most Vulnerable State To Cybercrime
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With Biden signing an executive order to strengthen cybersecurity after Homeland Security and the NSA issuing warnings that Russian hackers are targeting cyber vulnerabilities in the US, and hackers shutting down the Colonial oil pipeline in a ransomware attack, here is a look at which states are most vulnerable to cybercrime.

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  • DC is the most likely place in the US to fall victim to internet attacks with 170 people per 100,000 in the capital impacting by cyber crime
  • Missouri had the highest average loss per victim at $63,549 per victim; 17x higher than lowest average loss – Montana $3,762/victim
  • California was revealed as the worst overall state for cybercrime – losing more than $621 million

A two-factor authentication firm has analyzed the FBI’s Internet Crime Report to reveal which states are losing the most money per victim of cybercrime.

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DC Residents Revealed As The Most Likely To Fall Victim To Cybercrime

One of the world’s leading two-factor authentication firms has analyzed an FBI Internet Crime Report to reveal which states have the highest chances of cyber attacks happening. The platform examined the number of cybercrimes committed in each state/district in the US and then revealed what that number was per 100,000 living in each state. California was revealed as the worst overall state for cybercrimes, while Missouri had the highest average cost per victim at $63,549, 17 times higher than the lowest state, Montana (£3,762 per victim).

A world-leading two-factor-authentication platform has revealed which states have the highest chances of cyber-attacks happening.

The platform, Rublon analyzed the FBI’s 2020 Internet Crime Report* to reveal which states people were most likely to fall victim to cybercrimes, which states had the most expensive crimes per victims and which states were the worst overall.

The research was carried out after Rublon noted a large increase in Google searches around ‘phishing’, ‘fraud’ and ‘malware’ in the last 12 months.

In 2020 cyber attacks cost Americans more than $4.2 billion and 160,000 people were victims of cyber criminals.

California Cyber Attacks

The 5 states where people are most likely to be a victim of cybercrimes 

  1. District of Columbia - 170 victims per 100,000 people
  2. Montana – 139 victims per 100,000 people
  3. Nevada – 119 victims per 100,000 people
  4. Maryland – 118 victims per 100,000 people
  5. New Jersey – 114 victims per 100,000 people

The 5 states with the highest average cost per victim of cybercrimes

  1. Missouri - $63,549
  2. North Dakota - $60,718
  3. Ohio - $45,893
  4. Massachusetts - $44,518
  5. Connecticut - $42,633

The 5 states that are the worst overall for cybercrimes

(highest combination of victims and cost)

  1. California
  2. Florida
  3. Texas
  4. New York
  5. Illinois

To find out the full list of states and how each one has been impacted by cybercrimes, visit: https://rublon.com/

The most common type of cyber attack in 2020 were phishing scams (241,342 victims), which occurred more than twice as much as the next common attack, non-payment (108,869 victims). Extortion was the third most popular crime (76,741 victims) followed by personal data breaches (45,330). While over 60s were the most common targets for cyber crimes (23% of all victims) and lost $966 million last year.

Rublon is a user authentication platform that enables companies and consumers to protect their information using multi-factor authentication (MFA) for logins to networks, servers and applications. Users approve logins by tapping a security key or a button on their mobile phone, after entering credentials. Deploying Rublon MFA helps organizations to comply with data protection regulations like HIPAA and GDPR. Rublon's mission is to ensure that all people are able to keep their data safely protected online, without worry or stress.

Michal Wendrowski, Managing Director and founder of Rublon, said,

“We all spent a lot more time indoors and online last year, and unfortunately as you can see from the FBI report, criminals took full advantage of this situation – extorting more than $4.2 billion from US citizens through cyber-attacks. We decided to break this research down into states and analyze where cyber-attacks were most likely to occur, and in which states victims were losing the most money.

“Luckily, there are plenty of resources out there to educate and protect people against these crimes from happening and hopefully by highlighting where and who is most at risk, these numbers can decrease instead of increase by the end of 2021.”

California State Cybercrime

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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