In 2024, identity theft surged, leading to over $16 billion in U.S. losses. Criminals exploit generative AI, deepfakes, and sophisticated phishing tactics, with synthetic identity fraud making up 30% of cases. SIM swapping attacks also rose dramatically. Experts urge urgent collaboration across sectors to enhance security and combat evolving digital crime trends effectively.
Cybersecurity Industry Gains $1.7 Billion to Develop Cutting-Edge Protection Technologies
In April 2025, cybersecurity startups raised $1.7 billion, signaling a shift to proactive digital defense strategies amid escalating threats. Leading investments, particularly in AI-driven solutions,
