Tag Archives: global

Global ransomware sales rise more than 2500%, Carbon Black study finds – EU

The value of dark web ransomware sales rose 2,502% to $6.24 million (€5.27 million) over the past 12 months, compared to just over $249,000 in the previous year, according to a new report from US cyber security firm Carbon Black.

The company said it had identified over 6,300 locations where hackers had advertised ransomware services over the course of the past year, and over 45,000 product listings.

Prices for DIY ransomware software packages range from just $0.50 to as much as $3,000, but have a median price of $10.50, Carbon Black’s study reveals.

In some cases, ransomware vendors are raking in more than $100,000 a year by selling software designed to help hackers encrypt victims’ computer files and demand a payment in return for unlocking them.

Carbon Black warns that ransomware hackers are becoming more sophisticated, and are now leveraging cloud infrastructures to gain scale and speed.

The study found that the

Read more at: https://eu-ocs.com/global-ransomware-sales-rise-2500-carbon-black-study-finds/

Global ransomware sales rise more than 2,500%, Carbon Black … – EU

The value of dark web ransomware sales rose 2,502% to $6.24 million (€5.27 million) over the past 12 months, compared to just over $249,000 in the previous year, according to a new report from US cyber security firm Carbon Black.

The company said it had identified over 6,300 locations where hackers had advertised ransomware services over the course of the past year, and over 45,000 product listings.

Prices for DIY ransomware software packages range from just $0.50 to as much as $3,000, but have a median price of $10.50, Carbon Black’s study reveals.

In some cases, ransomware vendors are raking in more than $100,000 a year by selling software designed to help hackers encrypt victims’ computer files and demand a payment in return for unlocking them.

Carbon Black warns that ransomware hackers are becoming more sophisticated, and are now leveraging cloud infrastructures to gain scale and speed.

The study found that the

Read more at: https://eu-ocs.com/global-ransomware-sales-rise-2500-carbon-black-study-finds/

The global impact of huge cyber security events

The past 12 months have seen a number of unprecedented cyber-attacks in terms of their global scale, impact and rate of spread. Already causing widespread public concern, these attacks only represent a small sample of the wide array of cyber threats we now face.

Europol’s Executive Director Rob Wainwright: “The global impact of huge cyber security events such as the WannaCry ransomware epidemic has taken the threat from cybercrime to another level. Banks and other major businesses are now targeted on a scale not seen before and, while Europol and its partners in policing and Industry have enjoyed success in disrupting major criminal syndicates operating online, the collective response is still not good enough. In particular people and companies everywhere must do more to better protect themselves.”

Important developments in several areas of cybercrime

The 2017 Internet Organised Crime Threat Assessment presents an in-depth assessment of the key developments, changes and emerging

Read more at: https://www.helpnetsecurity.com/2017/10/02/impact-huge-cyber-security-events/

Average Cyber-Crime Cost to Global Businesses Rises to $11.7M: Report

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Average Cyber-Crime Cost to Global Businesses Rises to $11.7M: Report

The average cost of cyber-crime incurred by businesses around the world has grown in 2017, according to a report from Accenture and the Ponemon Institute.  The 56-page 2017 Cost of Cyber Crime Study report, released on Sept. 26, is based on a survey of 2,182 security and IT professionals

Read more at: http://www.eweek.com/security/average-cyber-crime-cost-to-global-businesses-rises-to-11.7m-report

Global Cost of Cybercrime Soars 23% in a Year

The global cost of cybercrime has rocketed by 23% over the past year to reach $11.7m per business, according to the latest report from Accenture.

The consulting giant commissioned the Ponemon Institute to poll over 2100 global organizations to compile its Cost of Cyber Crime Study, and found cybercrime showing no signs of slowing.

Financial services ($18m) and energy ($17m) suffered the worst losses, and US firms ($21m) incurred the highest average cost of any country, while Australia reported the lowest ($5m) and the UK had the lowest change from last year: from $7m to $8.7m.

The stats also revealed that firms on average suffered 130 ‘breaches’ – network or system infiltrations – annually, a 27% increase on the 2016 report findings.

Malicious insiders caused the most havoc, with related incidents taking on average 50 days to resolve, while ransomware attacks take over 23 days.

However, malware ($2.4m) and web attacks ($2m) are the

Read more at: https://www.infosecurity-magazine.com/news/global-cost-of-cybercrime-soars-23/

Greenwood student creates global movement to kill cyber bullying with kindness

Heading into Week 1’s all-important opener against the Green Bay Packers, the Seattle Seahawks were quietly confident about one of their biggest trouble areas the past few seasons suddenly becoming — at the very least — not a concern.

They’d seen small signs of improvement. They’d upgraded a few spots in their mind. They’d created competition. They had their own draft picks make up four of the five starting spots. These were the offensive linemen with whom the Super Bowl-contending Seahawks were set to go into battle.

And then the first series of the game at Lambeau Field happened. Right away, a leaky O-line was trouble again. It has become all too familiar a sight for Seahawks fans.

“We were able to be very aggressive up front,” Packers DL Mike Daniels said after the game, one in which he lived in the Seattle backfield. “That set the tone of the game right there.”

On the Seahawks’

Read more at: http://www.delaware1059.com/news/greenwood-student-creates-global-movement-to-kill-cyber-bullying-with/article_854cb8b6-9955-11e7-9c33-479418bae055.html

Global Ransomware ‘Locky’ infects India, here is everything that you should know

Humans have entered the era where data is as critical, important and precious as basic needs. ‘The next big war is going to be digital and perhaps we are not so well equipped for it,’ read the lines of an interesting article i read a couple of years ago. While it made sense at that time, experiencing it is a complete different thing.

The 2017 Thales Data Threat Report which issued in conjunction with analyst firm 451 Research says that 68 percent of respondents have experienced a breach with 26 percent experiencing a breach in the last year. The report polled 1,100 senior IT security executives at large enterprises around the world and indicates an ongoing disconnect between the security solutions organisations spend money on and the ability of those solutions to protect sensitive data. About 30 percent of respondents classify their organisations as ‘very vulnerable’ or ‘extremely vulnerable’ to data

Read more at: http://in.pcmag.com/cyber-crime/116526/feature/global-ransomware-locky-infects-india-here-is-everything-tha

Nigerian behind massive global cyber attacks

On his social media accounts, the Nigerian uses the motto:

On his social media accounts, the Nigerian uses the motto: “get rich or die trying”.

Check Point’s researchers have revealed the identity of a cyber criminal who attacked more than 4 000 organisations over the past four months.

The Israeli-based cyber security firm says the cyber attacks aimed to infect organisations’ networks, steal data and commit fraud.

Many of these companies are leading international names in industries such as oil and gas, manufacturing, banking and construction industries – and some have had their defences breached by the attacks.

Companies that Check Point researchers confirmed were infected during the campaign include a marine and energy solutions company in Croatia, a transportation company in Abu Dhabi, a mining company in Egypt, a construction company

Read more at: http://www.itweb.co.za/index.php?option=com_content&view=article&id=164250

Global Hunt for Nigerian Cyber Criminal Spreading Malware

A Nigerian working alone around Abuja has stirred a global hunt as he orchestrated numerous malware infection campaigns targeting more than 4,000 organisations globally over the past four months, a cyber security company has claimed.

www.Securityweek.com quoting Check Point security researchers said the attacks targeted various companies and industries such as oil and gas, manufacturing, banking, and construction, in an attempt to steal data and commit fraud.

Many of the companies are leading international names and some have had their defences breached by the attacks, the security researchers reveal.

According to Check Point, at least a dozen companies confirmed

Read more at: https://www.thisdaylive.com/index.php/2017/08/17/global-hunt-for-nigerian-cyber-criminal-spreading-malware/

Global hunt for Nigerian cyber criminal spreading malware

A Nigerian working alone around Abuja  has stirred a global hunt as he orchestrated numerous malware infection campaigns targeting more than 4,000 organisations globally over the past four months, a cyber security company claimed.

www.Securityweek.com quoting Check Point security researchers said the attacks targeted various companies in industries such as oil gas, manufacturing, banking, and construction, in an attempt to steal data and commit fraud.

Many of the companies are leading international names and some have had their defenses breached by the attacks, the security researchers reveal.

Global hunt for Nigerian cyber criminal spreading malware globally to steal money. Illustration by Cyber Crime Watch

According to Check Point, at least a dozen companies confirmed they have been infected during the campaign, including a marine and energy solutions company in Croatia, a transportation

Read more at: http://www.vanguardngr.com/2017/08/global-hunt-nigerian-cyber-criminal-spreading-malware/