Tag Archives: billion

Hackers stole $172 billion last year: Consumers should avoid these mistakes

Online hackers made out like true bandits in 2017, stealing over $172 billion from people in 20 countries around the world, a new report said.

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Norton Cyber Security released its annual insights report and found that 44% of consumers were affected by a cybercrime in the last 12 months with an average victim losing $142.

The most common cybercrime reported was having a device infected by a virus or another security threat, at 53%. Other crimes included debit or credit card fraud (38%), having an account password compromised (34%), encountering unauthorized access to or hacking of an email or social media account (34%) and making a purchase online that turned out to be a scam (33%).

Norton found that typically cybercrime victims share three common traits. Here’s what it found:

1) Overconfidence in Cybersecurity Prowess:
Consumers who’ve fallen victim to cybercrime emphasize the importance of online security more

Read more at: http://www.foxbusiness.com/features/2018/01/24/hackers-stole-172-billion-last-year-consumers-should-avoid-these-mistakes.html

Hackers stole $172 billion last year: Consumers should avoid these …

Online hackers made out like true bandits in 2017, stealing over $172 billion from people in 20 countries around the world, a new report said.

Continue Reading Below

Norton Cyber Security released its annual insights report and found that 44% of consumers were affected by a cybercrime in the last 12 months with an average victim losing $142.

The most common cybercrime reported was having a device infected by a virus or another security threat, at 53%. Other crimes included debit or credit card fraud (38%), having an account password compromised (34%), encountering unauthorized access to or hacking of an email or social media account (34%) and making a purchase online that turned out to be a scam (33%).

Norton found that typically cybercrime victims share three common traits. Here’s what it found:

1) Overconfidence in Cybersecurity Prowess:
Consumers who’ve fallen victim to cybercrime emphasize the importance of online security more

Read more at: http://www.foxbusiness.com/features/2018/01/24/hackers-stole-172-billion-last-year-consumers-should-avoid-these-mistakes.html

Close to Dh4 billion lost last year to UAE cybercrime

Cyber criminals prowling the online world have plundered almost Dh4 billion from victims in the UAE in the last year according to security experts.

More than half the adult population fell victim to cybercrime in 2017, with the latest Norton Cyber Security Insights Report claiming each lost an average of Dh669.

The rise of connected in-home devices and wearable smart technology have helped contribute to the figures, with victims of online crime losing about six working days dealing with the fallout and attempting to recover the stolen information.

The report found criminals were twice as likely to target those with a connected home device, whilst owners of internet-connected gaming consoles and streaming devices were also more vulnerable.

Common blind spots that are leaving people exposed include using the same online password across several accounts and saving passwords on to a file within a device used to surf the web.

Security experts who compiled the report

Read more at: https://www.thenational.ae/uae/close-to-dh4-billion-lost-last-year-to-uae-cybercrime-1.697742

Close to Dh4 billion lost in 2017 to UAE cybercrime

Cyber criminals prowling the online world have plundered almost Dh4 billion from victims in the UAE in the last year according to security experts.

More than half the adult population fell victim to cybercrime in 2017, with the latest Norton Cyber Security Insights Report claiming each lost an average of Dh669.

The rise of connected in-home devices and wearable smart technology have helped contribute to the figures, with victims of online crime losing about six working days dealing with the fallout and attempting to recover the stolen information.

The report found criminals were twice as likely to target those with a connected home device, whilst owners of internet-connected gaming consoles and streaming devices were also more vulnerable.

Common blind spots that are leaving people exposed include using the same online password across several accounts and saving passwords onto a file within a device used to surf the web.

Security experts who compiled the report said

Read more at: https://www.thenational.ae/uae/close-to-dh4-billion-lost-in-2017-to-uae-cybercrime-1.697742

Cyber Crime Cost $450 Billion In 2016 [INFOGRAPHIC]

It might seem counter-intuitive, but cyber crime might end up making the Internet better. When something is broken you fix it or you throw it away, and no one is rushing to throw away the Internet right now. So people are instead looking for creative solutions to securing the Internet over and above the failed password protection and firewall ideas. Hackers are going to get in and it’s just a matter of when. The name of the game now is preventing them from doing much damage.

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Blockchain technology is one of the forerunners for the tech that is going to save the Internet. Blockchain technology can be used to decentralize the web so that your data is in your

Read more at: http://www.valuewalk.com/2017/11/cyber-crime-protonmail/

Cyber crime: North Korea’s billion-dollar soft spot

Cyber-crime is now a billion-dollar industry for North Korea. Cracking down on this criminal enterprise presents a strategic opportunity to apply further pressure on the Kim Jong-un regime.

Hard currency generated from cyber-crime is undermining global efforts to impose economic pressure on Pyongyang. As sanctions are imposed against its formal economy, North Korea has increased the scale of its illegal businesses. The massive criminal operation may be equivalent in size to the annual budget of the North Korean nuclear weapons program.

To generate such tremendous returns, North Korean hackers steal bitcoin, hold data ransom, and rob foreign banks, including the brazen heist of a sovereign nation’s central bank that netted $81 million. Evidence suggests the spree of bank robberies continues across Australia’s region, with attacks against banks in the Philippines, Vietnam, and Taiwan. The UK government has now also attributed the global WannaCry ransomware attacks that in

Read more at: https://www.lowyinstitute.org/the-interpreter/cyber-crime-north-korea-s-billion-dollar-soft-spot-0

Cyber crime: North Korea’s billion-dollar soft spot | The Interpreter

Cyber-crime is now a billion-dollar industry for North Korea. Cracking down on this criminal enterprise presents a strategic opportunity to apply further pressure on the Kim Jong-un regime.

Hard currency generated from cyber-crime is undermining global efforts to impose economic pressure on Pyongyang. As sanctions are imposed against its formal economy, North Korea has increased the scale of its illegal businesses. The massive criminal operation may be equivalent in size to the annual budget of the North Korean nuclear weapons program.

To generate such tremendous returns, North Korean hackers steal bitcoin, hold data ransom, and rob foreign banks, including the brazen heist of a sovereign nation’s central bank that netted $81 million. Evidence suggests the spree of bank robberies continues across Australia’s region, with attacks against banks in the Philippines, Vietnam, and Taiwan. The UK government has now also attributed the global WannaCry ransomware attacks that in

Read more at: https://www.lowyinstitute.org/the-interpreter/cyber-crime-north-korea-s-billion-dollar-soft-spot-0

Total WannaCry losses pegged at $4 billion

Ransomware attacks have reached a new peak this year, with WannaCry causing estimated global financial and economic losses of up to $4 billion and infecting 300,00 machines around the world, according to Trend Micro’s security and threats report.

2017s WannaCry and Petya attacks show that cybercriminals are upping their game and diversifying methods to exploit the increasing inter-connectivity of global businesses.

Trend Micro estimates that by 2018, over a million industrial robots will be employed in factories around the world; tests have shown how industrial robots can be compromised through exposed industrial routers or other vulnerabilities.

This year’s systemic ransomware attacks have demonstrated that cyber crime has already reached the same levels of catastrophic loss associated with natural catastrophes or some of the major risks re/insurers cover.

The capabilities of cybercrime to disrupt the value chain on all levels will continue to dramatically

Read more at: https://www.reinsurancene.ws/total-wannacry-losses-pegged-4-billion/

Total WannaCry losses pegged at $4 billion – Reinsurance News

Ransomware attacks have reached a new peak this year, with WannaCry causing estimated global financial and economic losses of up to $4 billion and infecting 300,00 machines around the world, according to Trend Micro’s security and threats report.

2017s WannaCry and Petya attacks show that cybercriminals are upping their game and diversifying methods to exploit the increasing inter-connectivity of global businesses.

Trend Micro estimates that by 2018, over a million industrial robots will be employed in factories around the world; tests have shown how industrial robots can be compromised through exposed industrial routers or other vulnerabilities.

This year’s systemic ransomware attacks have demonstrated that cyber crime has already reached the same levels of catastrophic loss associated with natural catastrophes or some of the major risks re/insurers cover.

The capabilities of cybercrime to disrupt the value chain on all levels will continue to dramatically

Read more at: https://www.reinsurancene.ws/total-wannacry-losses-pegged-4-billion/

Five of the worst cases of cyber crime the world has ever seen – from data theft of one BILLION Yahoo users to …

CYBER crime can affect anyone at any time.

Our sharing of personal information and reliance on online services make us all potential targets of internet crime.

Cyber crime is on the rise and can affect billions worldwide

Cyber crime is on the rise and can affect billions worldwide

And while we hope that the institutions we trust our information with have the strongest measures in place protect it, unfortunately that isn’t always possible.

Midway through 2017, the UK fell victim to one of the most crippling cyber attacks it had ever experienced.

The WannaCry virus infiltrated the NHS computer system and left it completely disabled for most of the week.

Forcing hospitals and medical practitioners to operate entirely offline, it exposed a major hole in the cyber security of the UK’s healthcare system.

But this was just one of a number of incidences that have affected

Read more at: https://www.thesun.co.uk/tech/4120942/five-of-the-worst-cases-of-cyber-crime-the-world-has-ever-seen-from-data-theft-of-one-billion-yahoo-users-to-crippling-the-nhs/