--- title: Damages from cyber crime to reach $27bn by 2025 | ITWeb description: Lockdowns might be the catalyst for the biggest hacker attack outbreak to date, warns Atlas VPN. image: https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/mUSoLyyUix6easYg_YLSHOpr5btdIBDS6RfdeDEmk7P4ShPn9MYVZOAcrEhHCEBWnBxH64DFmM1XvECXCHs_F5w=w816-h428.jpeg --- [![vast.png](https://hubspot.obscuretech.net/hs-fs/hubfs/ObscureLogo-02.png?width=1000&height=354&name=ObscureLogo-02.png "vast.png")](http://www.obscuretech.net) Open main menu Close main menu - [Technology Partners](https://obscuretech-6344971.hs-sites.com/technology-partners) Open the submenu - [BeyondTrust](https://obscuretech-6344971.hs-sites.com/beyondtrust) - [Cybereason](https://obscuretech-6344971.hs-sites.com/cybereason) - [Forescout](https://obscuretech-6344971.hs-sites.com/forescout) - [Gytpol](https://obscuretech-6344971.hs-sites.com/gytpol) - [Netskope](https://obscuretech-6344971.hs-sites.com/netskope) - [OKTA](https://obscuretech-6344971.hs-sites.com/okta) - [OneTrust](https://obscuretech-6344971.hs-sites.com/onetrust) - [Palo Alto Networks](https://obscuretech-6344971.hs-sites.com/palo-alto-networks) - [Pentera](https://obscuretech-6344971.hs-sites.com/pentera) - [Proofpoint](https://obscuretech-6344971.hs-sites.com/proofpoint) - [Radware](https://obscuretech-6344971.hs-sites.com/radware) - [RiskIQ](https://obscuretech-6344971.hs-sites.com/riskiq) - [Rubrik](https://obscuretech-6344971.hs-sites.com/rubrik) - [Splunk](https://obscuretech-6344971.hs-sites.com/splunk) - [Tenable](https://obscuretech-6344971.hs-sites.com/tenable) - [Trend Micro](https://obscuretech-6344971.hs-sites.com/trend-micro) - [Obscure Blog](https://hubspot.obscuretech.net/blog) - [About Us](https://obscuretech-6344971.hs-sites.com/about-us) - [Contact Us](https://obscuretech-6344971.hs-sites.com/contact-us) # Damages from cyber crime to reach $27bn by 2025 [ITWeb](https://hubspot.obscuretech.net/blog/author/itweb) [Share this blog post on Twitter](https://twitter.com/intent/tweet?text=I+found+this+interesting+blog+post&url=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenqjv6olqzd2r) [Share this blog post on Facebook](http://www.facebook.com/share.php?u=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenqjv6olqzd2r) [Share this blog post on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenqjv6olqzd2r) ![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/mUSoLyyUix6easYg_YLSHOpr5btdIBDS6RfdeDEmk7P4ShPn9MYVZOAcrEhHCEBWnBxH64DFmM1XvECXCHs_F5w=w816-h428.jpeg) ![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/mUSoLyyUix6easYg_YLSHOpr5btdIBDS6RfdeDEmk7P4ShPn9MYVZOAcrEhHCEBWnBxH64DFmM1XvECXCHs_F5w.jpeg) Damages as a result of cyber crime are expected to reach more than $27 billion by 2025.  In 2019, authorities received an unprecedented 467 361 Internet-facilitated fraud complaints, with accumulated losses of more than $3.5 billion. However, in 2020, lockdowns might be the catalyst for the biggest hacker attack outbreak to date. These were some of the findings from a report by [Atlas VPN estimations](https://atlasvpn.com/blog/cybercrime-damages-to-reach-27-billion-by-2025-new-estimation-reveals), which predicts a 45% increase in cyber crime damages in comparison to the previous year, meaning that the estimated monetary losses will reach over $5 billion in 2020. [![Click Here](https://hubspot.obscuretech.net/hs-fs/hubfs/Imported_Blog_Media/ioco_120x250-Sep-18-2023-05-43-55-5634-PM.gif?width=120&height=250&name=ioco_120x250-Sep-18-2023-05-43-55-5634-PM.gif "Click Here")](https://ad.itweb.co.za/adclick.php?bannerid=49743&zoneid=0&source=&dest=https%3A%2F%2Fioco.tech%2Fanytime-anywhere-workspace%2F%3Futm_source%3DITWeb%26utm_medium%3DROS%2520Banner%26utm_campaign%3DHigh%2520Touch%26utm_content%3D120x250) ![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/adlog-Sep-18-2023-05-40-28-2245-PM.php) “Due to the pandemic, people are stuck at home, surfing the Web, and working remotely," says Rachel Welsh, COO of [Atlas VPN](https://atlasvpn.com/blog/cybercrime-damages-to-reach-27-billion-by-2025-new-estimation-reveals). "We can expect a record number of hacker attacks in 2020 since the pool for potential cyber crime victims has never been larger. Also, the latest cyber crime trends show that hackers are focusing on human layer errors more than ever.” According to [Atlas VPN](https://atlasvpn.com/blog/cybercrime-damages-to-reach-27-billion-by-2025-new-estimation-reveals), monetary damages caused by cyber crime increased over four times in the last six years - from $800 million in 2014 to $3.5 billion last year.  In 2019, cyber crimes that resulted in the most financial damages were business e-mail compromise (BEC), romance fraud, and spoofing. Out of these, BEC accounted for over half of the losses, with a whopping $1.77 billion, followed by romance fraud, which amounted to over $475 million in losses, and spoofing with $300 million.  ### Leave a Comment ## Related Articles [![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/fIgLstNriHjRjz-3K7WiYWMf2RBnOQcaa4zsSgKSUdTyVC5vSjn_ylkNHSozVRrBvx8ivxqnE5_Qd_yOPjS2M5_qBQzTrI3hlHIj=w816-h428.jpeg)](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/dgp45ma6k3pqx9l8) ### [Rimini Street Announces Fiscal Fourth Quarter and Annual 2020 Financial Results](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/dgp45ma6k3pqx9l8) Rimini Street Announces Fiscal Fourth Quarter and Annual 2020 Financial Results (Graphic: Business Wire) [ITWeb](https://hubspot.obscuretech.net/blog/author/itweb) [Read More](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/dgp45ma6k3pqx9l8) [![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/ZRXyaO2XBqDFGM1ttyMwujTY1wOFtYJaivsHaYEox79hJ0B2iSlIO5aX4-c4xT1OiWev-ZG_uBDhSgL8JpHKGwg=w816-h428.jpeg)](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/dgp45qa6jyyvx9l8) ### [Rimini Street Announces Fiscal Third Quarter 2020 Financial Results](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/dgp45qa6jyyvx9l8) Rimini Street Announces Fiscal Third Quarter 2020 Financial Results (Graphic: Business Wire) [ITWeb](https://hubspot.obscuretech.net/blog/author/itweb) [Read More](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/dgp45qa6jyyvx9l8) #### About - [Privacy Policy](https://obscuretech-6344971.hs-sites.com/privacy-policy) - [Company Documents](https://obscuretech-6344971.hs-sites.com/company-documents) - [Blog](https://hubspot.obscuretech.net/blog) - [Contact Us](https://obscuretech-6344971.hs-sites.com/contact-us) #### Find Out More - [Training](https://obscuretech-6344971.hs-sites.com/training) - [Vendor](https://obscuretech-6344971.hs-sites.com/technology-partners) [info@obscuretech.net](mailto:info@obscuretech.net) [+27 12 941 2032](tel:0129412032) Block B, Unit 2, Top Floor, Southdowns Office Park, 21 Karee Street, Irene, Centurion, 0157 [Follow us on Facebook](https://www.facebook.com/obscuretech/) [Follow us on LinkedIn](https://www.linkedin.com/company/12905777/) [Follow us on Twitter](https://twitter.com/obscuretechsa) [Follow us on Instagram](https://www.instagram.com/obscuretech) © 2021 Obscure Technology (Pty) Ltd. 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