Billion

now browsing by tag

 
 

After Getting Dumped By Match.com, Whitney Wolfe Herd Is Taking Revenge With $8 Billion Bumble IPO | #tinder | #pof | romancescams | #scams

Not long after college, Whitney Wolfe Herd went to work for dating app Tinder. The story of her crash and burn there and her ousting amid allegations she was discriminated […] View full post on National Cyber Security

#cyberfraud | #cybercriminals | FBI Publishes 2019 Internet Crimes Report Causing 3.5 Billion Dollars Loss

Source: National Cyber Security – Produced By Gregory Evans


As the internet has become an indispensable part of our lives, crimes committed on the internet have started to increase significantly. In the 2019 report of the FBI, it was emphasized that cybercrime cost $ 3.5 billion.

The Federal Bureau of Investigation (FBI) published the ‘2019 Internet Crimes Report’. According to the published report, the number of crimes complained during the year reached 467 thousand 361. The cost of the crimes complaining exceeds $ 3.5 billion.

Cybercrime increased in 2019
The Internet Crime Complaints Center (IC3), an FBI source that reports suspected cybercrime activities, was established in May 2020 and reached a total number of 4,883,231 complaints with 2019 reports.

While the number of complaints received in the last five years has reached 1.7 million, the total annual loss has increased from $ 1.1 billion (2015) to $ 3.5 billion (2019). The damage of cybercrime to individuals and businesses in the US has exceeded $ 10 billion in the past five years. 2019 was the worst year in this respect. During the year, the highest cyber crime complaints ever made, while the victims of cyber crime have also suffered their greatest losses. In the fight against cybercrime, an amount of $ 300 million was saved.

Company emails
In the fraudulent activities carried out via company e-mails, more than $ 1.7 billion was lost. A total of 23,775 complaints were made in this area in 2019. Business email scams have become the most dangerous group in cybercrime.

“Many organizations have been vulnerable to email attacks because criminals are developing their methods to compromise traditional email,” said Cencornet CEO Ed Macnair. The attackers targeted the most CEOs and staff working in the financial department in these areas.

Macnair said that cybercriminals trick employees and steal valuable information by using e-mail addresses similar to trusted companies’ e-mails. Macnair said this method is very difficult to catch by traditional defense systems and companies need to improve their security techniques.

Ransomware
The FBI warned about the magnitude of the ransomware’s impact on businesses and organizations. In the ransomware attack against the city of New Orleans in December 2019, it was revealed that the FBI’s warnings were not taken seriously.

In 2018, there were some reductions in complaints about ransomware attacks, but this number increased again in 2019 and reached the highest number of complaints after 2016. Ransomware attacks caused $ 2.4 million of damage in 2016, up from $ 8.9 million in 2019.

Source link

The post #cyberfraud | #cybercriminals | FBI Publishes 2019 Internet Crimes Report Causing 3.5 Billion Dollars Loss appeared first on National Cyber Security.

View full post on National Cyber Security

#cyberfraud | #cybercriminals | Video: Dh4 billion online scam bid busted in Dubai raid, 9 arrested – News

Source: National Cyber Security – Produced By Gregory Evans

Operation Fox Hunt: They had run 81 fake businesses across 18 countries around the world.

The Dubai Police have arrested an African gang of nine cyber-scammers that had run 81 fake businesses across 18 countries around the world. They created a ‘wealthy’ image on social media – then duped people into transferring money in exchange of false job opportunities.

Dubbed ‘Fox Hunt’, the operation revealed the hidden online fraud network that managed to siphon off more than Dh32 million worth of money transfers.

The fraudsters were busted at their UAE residence, where the e-crime team of the Dubai Police found laptops and mobile phones full of sensitive information on individuals and companies – including bank accounts and credit cards details, as well as documents and files of the gangs’ illegal activities.

Major-General Abdullah Khalifa Al Marri, Commander-in-Chief of the Dubai Police, said the arrest marks a new important achievement for the team.

“As gangs constantly change their criminal methods, the Dubai Police exert all efforts to qualify elites of officers and employees specialised in dealing with the latest technologies to tackle emerging crimes,” Maj-Gen Al Marri said.

Major-General Khalil Ibrahim Al Mansouri, Assistant Commander-in-Chief for Criminal Investigation Affairs, said Operation Fox Hunt is “a unique and extremely professional” hit as it prevented the gang from abusing 800,000 e-mail addresses and foiled their bid to steal Dh4 billion.

The scam: Social media users were targeted

>Scammers disguised themselves with a ‘facade of wealth’ and used social media to celebrate illegitimate wealth under the names of others

>They reached out to social media users, promising they would help with job opportunities

>Victims received phishing e-mails that deceived them into transferring money to complete fake recruitment procedures

OPERATION FOX HUNT

>Some victims reported the incident to the Dubai Police’s anti-cybercrime platform (www.ecrime.ae)

>Thorough investigations led to identifying the group

>Police teams closely monitored the gang and put the details of their IDs, bank accounts, residence, and cars in the spotlight

Raid foiled bid to steal Dh64m from 1,126 credit cards

As the Dubai Police closely monitored the group, they received a tip claiming that one of the suspects intended to leave the country. The CID team immediately drew a plan and set a zero hour to make the arrest.

Captain Abdullah Al Shehi, deputy director of e-investigations at the Dubai Police, said the arrest foiled the gang’s bid to drain out the balance of 1,126 credit cards with an estimated total value of Dh64 million.

reporters@khaleejtimes.com

 

Source link

The post #cyberfraud | #cybercriminals | Video: Dh4 billion online scam bid busted in Dubai raid, 9 arrested – News appeared first on National Cyber Security.

View full post on National Cyber Security

#nationalcybersecuritymonth | Ransomware may have cost the US more than $7.5 billion in 2019

Source: National Cyber Security – Produced By Gregory Evans

It was another big year for ransomware, the extremely profitable style of cyberattack in which computer systems and data are taken over by hackers and held hostage until the victim hands over a payoff.

In 2019, these attacks wreaked havoc around the globe, earned criminals vast sums, and even occasionally provided a weapon for government hackers. This marked the fifth straight year of growth, with national and local governments and public institutions increasingly becoming targets.

The money: The potential cost of ransomware in the United States last year was over $7.5 billion, according to a recent report from the cybersecurity firm Emisoft that attempted to estimate the impact of a very opaque set of incidents. 

The victims: Emisoft tallied up 113 governments and agencies, 764 health-care providers, and up to 1,233 individual schools affected by ransomware in America. Big cities including Baltimore and New Orleans were both struck by ransomware attacks last year.

The why: One root cause, according to an October 2019 report from the State Auditor of Mississippi, is a “disregard for cybersecurity in state government.” Others agree: Research from the University of Maryland published earlier in the year concluded with admirable directness “that most American local governments do a poor job practicing cybersecurity.”

This isn’t a problem just for small towns and their ill-equipped agencies. Last month, a US Coast Guard facility was forced offline for over 30 hours when ransomware hit the base’s cameras, access systems, and critical monitoring systems, the BBC reported.

Source link

The post #nationalcybersecuritymonth | Ransomware may have cost the US more than $7.5 billion in 2019 appeared first on National Cyber Security.

View full post on National Cyber Security

Brace #Yourself For #More than 10 #Billion #Cyberattacks in #2018

Source: National Cyber Security News

The internet is a dangerous place. In 2017 alone, we experienced the Equifax hack, the WannaCry ransomware attack, and the rise of Logan Paul. And according to a new report released by cyber threat research firm SonicWall on Thursday, it’s probably only going to get worse.

SonicWall’s report outlines cybersecurity trends from the past year that are likely to continue into 2018. One of the main takeaways? Malware is back in a big way.

The previous high for yearly malware attacks was set in 2015, before slightly dipping in 2016. But SonicWall found that the incidence of malware attacks shot up again in 2017, setting a new record of 9.32 billion attacks. Last year’s jump was an 18 percent increase over 2017. If the incidence of malware attacks increases at the same rate this year, we could see nearly 11 billion malware attacks in 2018.

It’s not particularly surprising that people are launching cyber attacks with increasing regularity. As technology improves, the barriers to hacking are lessening, and rapid advances in artificial intelligence will make attacks more cost-effective and efficient.

Another key finding from the report is that while total malware attacks increased, ransomware attacks actually dropped by 71 percent.

Read More….

advertisement:

View full post on National Cyber Security Ventures

Canada to #Devote $1 #Billion of Federal #Budget to #Fighting #Cybercrime

Source: National Cyber Security News

NEXT-GENERATION CYBER-PROFESSIONALS
The Canadian government will release details of its federal budget this coming week, and local news outlets are reporting it will include a $1 billion cybersecurity fund. According to CBC News, federal government agencies requested for the funding to bolster Canada’s cybersecurity infrastructure, as multiple departments are facing growing cybercrime issues.

A bulk of the funding will be a much-needed supplement to Canada’s 2010 National Cyber Security Strategy — although the revised plan would not be included in the budget. The revised plan is expected to come out later this year from Public Safety Canada.

The proposed budget would finance a number of efforts to combat cybercrime in the country, which could include training the next-generation of so-called cyber-professionals and encouraging them to apply their craft in Canada. The money would also likely be used to strengthen military’s cybersecurity capabilities by outsourcing the expertise needed from local private companies. The idea is to keep the pool of cyber-security warriors trained in and working for Canada.

A TIMELY DECISION
Many experts also see the budget translating to funding cyber “co-development” projects between the government and the private sector. Cybersecurity in Canada would be provided for by Canadian information and technology companies, which in turn would work with the federal government to develop both hardware and software solutions.

Read More….

advertisement:

View full post on National Cyber Security Ventures

Democrats #Seek $1 #Billion To #Boost #Cybersecurity For U.S. #Elections

Source: National Cyber Security News

Congressional Democrats introduced legislation on Wednesday that would provide more than $1 billion to boost cybersecurity of U.S. voting systems, and Vice President Mike Pence defended the administration’s efforts to protect polls from hackers.

The measure followed warnings on Tuesday from U.S. intelligence officials that midterm races in November are likely to see renewed meddling from Russia and possibly other foreign adversaries.

“We cannot let the Russians laugh about and take joy in the success they had in the last election,” Nancy Pelosi, the Democratic leader in the House of Representatives, told a news conference. “Their goal is to undermine democracy.”

Lawmakers have introduced several bills, some with bipartisan support, to bolster election security since the 2016 polls in which Republican Donald Trump was elected president. None have become law.

The new bill is the most comprehensive to date and is aimed at bolstering protection for the midterms and subsequent elections. It has no Republican co-sponsors in the House, which the party controls, and is therefore unlikely to succeed.

Pence, speaking at an event hosted by the online news site Axios, said Americans could trust the 2016 election results and that it was an “ongoing effort” of Trump’s administration to protect election infrastructure.

Read More….

advertisement:

View full post on National Cyber Security Ventures

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

Source: National Cyber Security – Produced By Gregory Evans

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.

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.

Read More….

The post Hackers #stole $172 #billion last #year: #Consumers should #avoid these #mistakes appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures

1.4 #billion #hacked #passwords leaked #online, now you’re at #risk

Source: National Cyber Security – Produced By Gregory Evans

Staying protected from cybercriminals is something everyone needs to stay on top of now that we’re living in a digital world. New data breaches, malware and phishing scams are popping up constantly.

Having sensitive information fall into the hands of criminals is the last thing that we need. You definitely don’t want your identity stolen or hackers having access to your bank accounts.

Unfortunately, a massive archive of stolen credentials was recently discovered online that could put you at risk.

Have your credentials been exposed?

Security researchers at 4iQ recently discovered a 41GB archive that contains more than 1.4 billion stolen user credentials. The credentials, including passwords, are unencrypted on the Dark Web.

The database includes email addresses, passwords and usernames. This isn’t actually a new data breach, it’s a collection of information that had been stolen in previous data breaches.

Researchers who discovered the file said, “While scanning the deep and dark web for stolen, leaked or lost data, 4iQ discovered a single file with a database of 1.4 billion clear text credentials–the largest aggregate database found in the dark web to date.”

More than 250 previous data breaches contributed to this collection of stolen credentials. The stolen information was well organized, even indexed alphabetically by the criminal who put it together.

Anytime there is a massive data breach, there are steps that you need to take to make sure your information is secure. Keep reading for suggestions.

Change your password

Whenever you hear news of a data breach, it’s a good idea to change your account passwords. This is especially true if you use the same credentials for multiple websites, which is a bad idea.

If your credentials are stolen from a breach, criminals can test them on other sites to log into those accounts as well.

Keep an eye on your bank accounts 

You should already be frequently checking your bank statements, looking for suspicious activity. It’s even more critical when sensitive information has been exposed through a data breach.

If you see anything that seems strange, report it immediately. It’s the best way to keep your financial accounts safe.

Set up two-factor authentication 

Two-factor authentication, also known as two-step verification, means that to log into your account, you need two ways to prove you are who you say you are. This is an extra layer of security that will help keep your accounts safe.

Investigate your email address 

This is a critical step and it will only take a few seconds of your time. You need to find out if your credentials are part of any recent data breach. The best way to find out if you’re impacted is with the Have I Been Pwned website. 

It’s an easy-to-use site with a database of information that hackers and malicious programs have released publicly. It monitors hacker sites and collects new data every five to 10 minutes about the latest breaches. You can even set up alerts to be notified if your email address is impacted in the future.

Beware of phishing scams 

Scammers will try and piggyback on data breaches like this. They will create phishing emails, hoping to get victims to click on malicious links that could lead to more problems. You need to familiarize yourself with what phishing scams look like so you can avoid falling victim to one.

FROM WEBCAMS, SIGN-INS, TO ALEXA, DON’T MAKE THESE MISTAKES

When our PCs work normally, we sometimes take them for granted. We recklessly fill up our hard drives with data, download files, install applications and browse the web as we please. But of course, all it takes is one installation of a malicious application to ruin your PC and worse, have all your information stolen.

The post 1.4 #billion #hacked #passwords leaked #online, now you’re at #risk appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures

Industrial Cyber Security Market Aggrandizes with USD 24.41 Billion By 2023 At A Whopping 10% of CAGR

Source: National Cyber Security – Produced By Gregory Evans

Market Research Future published a half-cooked research report on “Global Industrial Cyber Security Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Trends and Forecast to 2023. IBM Corporation (US), Honeywell International Inc. (US), ABB ltd (Switzerland), Cisco Systems, Schneider Electric (France), Rockwell Automation (US), Dell In,…

The post Industrial Cyber Security Market Aggrandizes with USD 24.41 Billion By 2023 At A Whopping 10% of CAGR appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures