Sophisticated cyberthreats and scams are on the rise, making it more important than ever to protect devices December 15, 2020 4 MINS It’s been an unprecedented year in many ways, and that applies to the cybersecurity industry too. Not only are we as a society dealing with an ongoing global pandemic, working from home, job losses, natural disasters, social injustices and an election year, we’re also seeing a significant rise in sophisticated cyberthreats and scams directly related to these events. The Federal Trade Commission has received more than 257,000 reports related to COVID-19 and the stimulus, totaling over $190 million in fraud loss. And recently, the FTC reported continued surges in scams originating on social media. According to the announcement, “the number of complaints about scams that started on social media more than tripled in the last year. People reported losing more than $117 million to this type of scam in just the first six months of 2020 compared to $134 million for all of 2019, according to the FTC’s latest Consumer Protection Data Spotlight.”