Tag Archives: growing

Cyber crime ‘fastest growing’ criminal activity in the United States, study finds

Cyber crimes that include credit card fraud, identity theft, ransomware, and email hacking are the “fasted growing” criminal activities in the United States, according to a new study published this week.

The study put together by Website Builder Expert, a service that reviews website design and other topics, found that despite “billions of dollars” spent to fight cyber crime annually, these attacks are increasing in number, with this trend continuing in 2018.

The study broke down the attacks by…

Read more at: https://insidecybersecurity.com/daily-briefs/cyber-crime-fastest-growing-criminal-activity-united-states-study-finds

Targeted Attacks on Industrial Sector Growing Rapidly

Cyberattacks against businesses in the industrial sector are on the rise, hitting more than a quarter of respondents in a recent survey.

The IT Security Risks Survey from Kaspersky Lab has found that one of the fastest growing types of threats among the multitude of types that threatened industrial organizations in 2017 was targeted attacks. About 28% of the 962 industrial companies surveyed have faced targeted attacks in the last 12 months. That’s 8% more than last year, when only a fifth of the industrial market experienced targeted attacks.

“The fact that the most dangerous incident type has grown by more than a third strongly suggests that cyber-criminal groups are paying much closer attention to the industrial sector,” Kaspersky noted in the report, adding that it has seen the emergence of specific malware targeting vulnerabilities in industrial automation components in 2018.

Even as threats grow, these organizations remain unprepared.

Read more at: https://www.infosecurity-magazine.com/news/targeted-attacks-on-industrial/

Targeted Attacks on Industrial Sector Growing Rapidly – Infosecurity …

Cyberattacks against businesses in the industrial sector are on the rise, hitting more than a quarter of respondents in a recent survey.

The IT Security Risks Survey from Kaspersky Lab has found that one of the fastest growing types of threats among the multitude of types that threatened industrial organizations in 2017 was targeted attacks. About 28% of the 962 industrial companies surveyed have faced targeted attacks in the last 12 months. That’s 8% more than last year, when only a fifth of the industrial market experienced targeted attacks.

“The fact that the most dangerous incident type has grown by more than a third strongly suggests that cyber-criminal groups are paying much closer attention to the industrial sector,” Kaspersky noted in the report, adding that it has seen the emergence of specific malware targeting vulnerabilities in industrial automation components in 2018.

Even as threats grow, these organizations remain unprepared.

Read more at: https://www.infosecurity-magazine.com/news/targeted-attacks-on-industrial/

Cyber threats are growing in size and stature, but system compromises are the new weak spot for businesses

With just a month until the year comes to an end, 2017 has seen some of the biggest and most dangerous leaks, hacks, ransoms and attacks of all time. Amongst many others, we saw the NHS hit by WannaCry, the email accounts of UK Parliament members exploited, and Equifax crippled by a data breach that allowed the personal information of nearly 150 million of its customers to be compromised.

Thanks to cyber security threats growing, not just in size, but also in maturity, and cyber criminals showing no signs of slowing down, organisations are busy determining how best to protect themselves against a multitude of risks.

Companies across every industry are aware that they can no longer turn a blind eye to the dangers to their digital and physical business, however the problem is that unless they are taking measures to defend against absolutely everything in the cyber landscape, it’s difficult for

Read more at: https://www.itproportal.com/features/cyber-threats-are-growing-in-size-and-stature-but-system-compromises-are-the-new-weak-spot-for-businesses/

Cyber threats are growing in size and stature, but system …

With just a month until the year comes to an end, 2017 has seen some of the biggest and most dangerous leaks, hacks, ransoms and attacks of all time. Amongst many others, we saw the NHS hit by WannaCry, the email accounts of UK Parliament members exploited, and Equifax crippled by a data breach that allowed the personal information of nearly 150 million of its customers to be compromised.

Thanks to cyber security threats growing, not just in size, but also in maturity, and cyber criminals showing no signs of slowing down, organisations are busy determining how best to protect themselves against a multitude of risks.

Companies across every industry are aware that they can no longer turn a blind eye to the dangers to their digital and physical business, however the problem is that unless they are taking measures to defend against absolutely everything in the cyber landscape, it’s difficult for

Read more at: https://www.itproportal.com/features/cyber-threats-are-growing-in-size-and-stature-but-system-compromises-are-the-new-weak-spot-for-businesses/

Rewards Points Theft is a Growing Piece of the Cybercrime Pie

The already lucrative market in stolen rewards points is significantly growing.

According to Flashpoint, a number of factors are coalescing to drive this criminal segment forward.

For one, fraudulent “booking services” that use stolen points in Russian-language forums are gaining popularity, including one that has gone as far as to establish its own group of members dedicated to cybercrime targeting hotel bookings. One such member has been advertising their travel “booking service” on two lower-tier forums since December 2014; grateful customers regularly post photos taken on trips purchased through the actor’s offerings. Interestingly, tickets can be to anywhere in the world, except domestic flights within Russia.

“This typically occurs via compromised user accounts—particularly those associated with rewards points credit cards,” Flashpoint explained, in a blog. “Actors then use these points to purchase hotel rooms, flights, and car rentals through online booking services.”

There is also widespread points abuse among English and Spanish-speaking cyber-criminals.

“These

Read more at: https://www.infosecurity-magazine.com/news/rewards-points-theft-is-growing/

Cyber Crime: The Growing Underground Market

Technology has brought about many positive effects to better our personal lives and grow our businesses. On the flip side, these same technology advances have also provided individuals with malicious intent a very powerful means to create a different type of market – the Cyber Crime Underground Market.

Gone are the days where technology is merely a device, equipment or a tool used by individuals, organizations and businesses. Today, technology has become a critical and crucial part of our personal lives and businesses. From the corners of our kitchen to every cubicle in our offices, one can no longer function without technology. Companies who did not adapt to the fast-growing sophistication of technology became extinct and people who refused to embrace technology into their lives became isolated. Technology has changed our lives. It made us feel closer to our loved ones who are miles away from us and it provided organizations

Read more at: https://www.cpomagazine.com/2017/11/10/cyber-crime-growing-underground-market/

Fast-growing cyber crime threatens financial sector

LISBON: The “remorseless” growth of cyber crime is leading to 4,000 ransom attacks a day and gangs’ technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday. 

Online criminals have become so sophisticated that gangs have created “conglomerations” with company structures that specialise in different criminal activities to carry out the attacks, Rob Wainwright, who leads the EU law enforcement agency, said.

“What really concerns me is the sophistication of the capability, which is becoming good enough to really threaten parts of our critical infrastructure, certainly in the financial, banking sector,” he told Reuters.

And while not all those 4,000 ransom attacks  which demand money to restore access to files that have been frozen or encrypted  are on banks, the financial services sector is seen as a key target because of the potential profits for the criminals.

Even bank payment systems and ATM cash machines fall prey,

Read more at: http://www.thestar.com.my/tech/tech-news/2017/11/09/fast-growing-cyber-crime-threatens-financial-sector/