Atlas VPN findings reveal that Americans lost $1.19 billion to imposter fraud in 2020, which is $613.8 million more than last year, representing a 106.56% increase.
Here, a criminal pretends to be a trusted person to get consumers to send money or provide sensitive personal information. Most commonly, scammers impersonate a family member, a government agency, a computer technician, a well-known company representative, or even a romantic interest.
The data is provided by the Federal Trade Commission (FTC). US Citizens can submit fraud reports to the FTC for further investigation. The FTC shares this data to inform the nation about the state of the cybercrime landscape in the US.
Last year, Americans submitted 498,278 imposter scam complaints, out of which 22% reported a financial loss. Median loss reaches $850. Scammers used phone calls as the most common method of contact. On average, US citizens lost $297.45 million per quarter to imposter scams in 2020.
In 2019, consumers lost $576 million to impersonators from 645,874 individual complaints. Significantly fewer people reported losing money to such scams, with 13% of complaints indicating monetary damages. On average, victims lost $144 million per quarter, with median losses standing at $650. Once again, fraudsters mostly used phone calls to contact the victims.
Looking back at 2018, US consumers submitted 549,922 pretender scam complaints. Over 18% of victims indicated a financial loss, which amounted to $491.6 million in damages. Fraudsters swindled out around $122.9 million per quarter, with median losses at $500.
Finally, throughout the last five years, US residents suffered a staggering $2.34 billion in damages from imposter scams.
To read the full article, head over to: https://atlasvpn.com/blog/americans-lost-1-19-billion-to-imposter-scams-in-2020

Cisco AppDynamics Expands Global Software-as-a-Service Offering With Five New Locations
Posted in Commentary with tags Cisco on April 21, 2021 by itnerdCisco AppDynamics, the industry leading Business Observability platform, today announced the expansion of its Software-as-a-Service (SaaS) offering through five strategic new locations, enabling fast, secure and reliable access to the AppDynamics Business Observability platform. Built on Amazon Web Services (AWS), new locations in Cape Town (South Africa), Hong Kong (China), London (England), São Paulo (Brazil) and Singapore will provide regional customers and partners with access to full-stack observability solutions that are secure, scalable and adhere to their local data residency regulations, enabling companies to deliver a superior digital experience
Recent research from Gartner indicates that almost 70 percent of organizations using cloud services today plan to increase their cloud spend in the wake of the disruption caused by COVID-19.
As technologists lead their company’s response to the pandemic, many are facing increasingly high pressures to innovate and scale digital services and migrating to a SaaS approach comes with strong considerations. Challenges with implementing SaaS services due to evolving data residency laws and regulations, as well as latency via cloud services that can exist based on proximity to SaaS locations, are areas of concern when considering a SaaS approach. However, modern CIOs recognize the urgent need for a secure, reliable and scalable SaaS solution to support their rapid digital transformation efforts and meet the ever-increasing user demand for flawless digital experience.
The addition of five new locations offers a solution to enterprises concerned with potential data sovereignty and governance requirements, and provides access for customers all around the globe. With points of presence already in place in Portland (US), Frankfurt (Germany), Mumbai (India) and Sydney (Australia), AppDynamics now has more SaaS support than any other vendor in the market.Recently acknowledged as a notable strength by Gartner, AppDynamics’ robust global SaaS footprint will ensure enterprise companies can focus on creating flawless digital experiences through the Cisco AppDynamics Business Observability platform, while achieving greater control around:
The addition of the five new locations comes on the heels of AppDynamics’ SaaS offering in India, announced in October 2020, and builds on the company’s global SaaS footprint across Africa, Asia, Europe and South America. With each location strategically selected based on regional user demand, AppDynamics is seeing evidence that this strategy is quickly meeting the needs of enterprises around the world. For example, its Frankfurt SaaS location doubled the amount of users in only 18 months.
AppDynamics’ new SaaS locations will be available as follows:
Learn more about AppDynamics SaaS and the company’s security and privacy assurance here.
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