Analysis: Cybercrime costing Georgia, state ranks ninth

(The Center Square) – Georgia ranked among the states that experienced the most cybercrime losses, which cost the state roughly $300 million in 2023.

According to CyberNut, the Peach State ranked ninth and accounted for more than 2.4% of the total cybercrime losses in the U.S. in 2023, as cybercrime surged to more than $12.5 billion in losses nationwide. California topped the list.

“The state houses numerous banks and financial institutions, attracting cybercriminals seeking to exploit vulnerabilities in the financial sector,” CyberNut CEO Oliver Page said in an announcement. Page’s representative did not respond to a request from The Center Square.

Local governments have taken notice, and Fulton County faced a “cybersecurity incident” earlier this year after officials “detected suspicious activity” on the county’s network, which resulted in “widespread system outages.”

Local governments have taken notice, and Fulton County faced a “cybersecurity incident” earlier this year after officials “detected suspicious activity” on the county’s network, which resulted in “widespread system outages.”

By T.A. DeFeo | The Center Square contributor

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