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January 30, 2018 Comments closed

California Predicted to lose $329-million to Cybercrime in 2018

in Hashing Out Cyber Security

California, New York, Florida, Texas, and Virginia will lose the most money to cybercrime in 2018.

New research estimates that the state of California will lose $329-million to cybercrime in the coming year. That figure puts California over $189-million ahead of the next closest state, New York.

Website Builder Expert conducted the research using publicly available data from the FBI and the Insurance Information Institute. Their findings are eye-opening. Here are the ten states expected to be the most affected by cybercrime in 2018.

1. California – $329 million

2. New York – $139 million

3. Florida – $112 million

4. Texas – $96 million

5. Virginia – $64 million

6. Illinois – $42 million

7. Colorado – $40 million

8. Pennsylvania – $33 million

9. Georgia – $32 million

10. Washington – $32 million

California, as the most populous state and one where the tech industry thrives was probably the smart choice to top the list. But the margin between California and the next closest state is staggering. In total, California is predicted to lose more money to cybercrime in 2018 than the 36 bottoms states combined.

Florida, our home state, is one of the fastest growing states in terms of cybercrime incidents. Florida is predicted to receive the second most cybercrime complaints this year and has seen its share of complaints grow the fastest, adding 1,421 reports per annum. It’s also second in terms of cybercrime density, which is reports of cybercrime per 100,000 people. Michigan leads the category. So if you live in Michigan, you are statistically the most likely to be victimized by cybercrime of any state in the country.

As per which states cybercrime proves most costly to its residents, New York takes the cake. In New York, the average citizen loses $7,149. Here’s the rest of the list:

2. Virginia – $6,795

3. Colorado – $6,106

4. California – $5,900

5. Oklahoma – $5,714

6. New Mexico – $5,587

7. Louisiana – $5,498

8. Montana – $4,688

9. Nevada – $4,501

10. Arkansas – $4,172

You can check out the full report here. It’s worth a look. Unless you live in Michigan or California, in which case you might want to go ahead and log off.

• #cybercrime