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Ransomware Sales on the Dark Web Surged by 2,502 Percent in the Past Year

Source: National Cyber Security – Produced By Gregory Evans

Ransomware Sales on the Dark Web Surged by 2,502 Percent in the Past Year

The past year saw a 2,502 percent increase in sales of ransomware on the dark Web, from just under $250,000 to more than $6.2 million, according to a recent Carbon Black report.

“This increase is largely due to a simple economic principle — supply and demand,” the report states. “Cyber criminals are increasingly seeing opportunities to enter the market and looking to make a quick buck via one of the many ransomware offerings available via illicit economies.”

There are now more than 6,300 dark Web marketplaces selling ransomware, with 45,000 product listings priced from $0.50 to $3,000, and a median price of $10.50.

“Based on our research, ransomware can no longer be perceived as petty criminals performing stick-ups and kidnappings,” Carbon Black security strategist Rick McElroy said in a statement. “Instead, ransomware has become a rapidly growing, cloud-based black market economy focused on destruction and profit.”

“Today, legitimate enterprises avoid heavy investments in infrastruture — and hackers are no different,” McElroy added. “In fact, with ransomware, hackers have set a model for a cloud-based, high-profit and effective turnkey service economy.”

A Growing Threat

A recent Crowd Research Partners survey of 516 cyber security professionals, commissioned by Cybersecurity Insiders, found that while 80 percent of respondents view ransomware a moderate or extreme threat, only a small fraction say they would pay the ransom or negotiate with attackers.

The most common ransomware infection vectors, the survey found, are from employees opening malicious email attachments (73 percent), responding to a phishing email (54 percent), or visiting a compromised website (28 percent).

The most effective way of blocking ransomware, respondents said, is user awareness (77 percent), followed by endpoint security solutions (73 percent) and patching operating systems (72 percent).

Fifty-one percent of respondents are only slightly to moderately confident of their organization’s ransomware defenses, and 39 percent say it would take as long as a few weeks to recover from an attack.

“In many respects, ransomware is a game changer,” Cybersecurity Insiders founder and CEO Holger Schulze said in a statement. “It is incredibly easy and inexpensive for cyber criminals to execute highly profitable attacks on a global scale.”

No Defenses

A separate Magnet Networks survey of 205 companies in Ireland found that fully 48 percent of respondents have no cyber security policy in place. Another 27 percent either said they’re completely unsecure or their security needs tightening.

“We found that only 13 percent of respondents think that their business is very secure — and in the absolute world of cyber attacks you are either totally secure or you are vulnerable in some way,” Magnet Networks cyber security expert James Canty said in a statement.

In 72 percent of companies with under 10 employees, network security is handled either by the business owner, the office manager, or in 9 percent of cases, no one at all.

That means that as many as 171,000 Irish businesses, Canty said, “have no one qualified looking after their network security and may not be protected against a ransomware and cybercrime industry which is growing at a rapid rate.”

Source:

The post Ransomware Sales on the Dark Web Surged by 2,502 Percent in the Past Year appeared first on National Cyber Security Ventures.

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‘Did you know your electronic health records can sell for as much as €40 on the dark web?’

Source: National Cyber Security – Produced By Gregory Evans

AS THE PERSONAL details of half of all Americans are stolen, Ronan Murphy asks how prepared is Ireland to face the €1.6 trillion cyber-threat? The breach at US credit reporting company Equifax is one of the biggest to date. Sometime in late July, cyber criminals infiltrated their supposedly secure system to steal…

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Hackers can buy the new ‘Disdain’ exploit kit for as little as £60 on the dark web

Source: National Cyber Security – Produced By Gregory Evans

For just over £60 per day, tech-savvy criminals can now buy access to a new exploit kit (EK) which has been designed to remotely infect computers, experts have warned. Known as “Disdain”, the hacking tool was recently put up for sale on an underground Russian forum hosted on the dark…

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Feds seize largest criminal ‘dark web’ site AlphaBay after Atlanta investigations

Source: National Cyber Security – Produced By Gregory Evans

The largest criminal marketplace on the internet, AlphaBay, has been seized by the U.S. Department of Justice with the help of Atlanta-based investigations, officials said Thursday. An AlphaBay staffer was identified through an ongoing investigation conducted in Atlanta, DOJ spokesman Bob Page said. Officials said the “dark web” operation started…

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Using the Dark Web to Your Advantage – The Why, How and What of Cyber Security

To Purchase This Product/Services, Go To The Store Link Above Or Go To http://www.become007.com/store/ Source: National Cyber Security – Produced By Gregory Evans We have just witnessed two significant ransomware / malware attacks in as many months that caused a lot of disruption to businesses …

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Dark Web Hosting Service Hacked, Some Data Was Stolen

To Purchase This Product/Services, Go To The Store Link Above Or Go To http://www.become007.com/store/ Source: National Cyber Security – Produced By Gregory Evans Deep Hosting — a Dark Web hosting service — admitted yesterday to suffering a major security incident during which “some sites have …

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Dark web: Hackers selling stolen data from Qatar National Bank and UAE InvestBank

more information on sonyhack from leading cyber security expertsSource: National Cyber Security – Produced By Gregory Evans Hackers are reportedly selling stolen data from the Qatar National Bank (QNB) and UAE InvestBank on the dark web. Both the banks suffered major data breaches in 2016 and the data of thousands of customers was later leaked online by hackers. Now, even as tensions escalate […] View full post on AmIHackerProof.com | Can You Be Hacked?

‘Dark web’ child rape videos may mean prison for JBLM soldier

To Purchase This Product/Services, Go To The Store Link Above Or Go To http://www.become007.com/store/ A Tacoma-area soldier who was watching a child rape video set to a continuous loop when police came calling could spend the next four years in prison. Army Sgt. David Tippens …

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Anonymous knocks 20pc of dark web offline in campaign against child pornography

They decided instead to keep the service offline as they found evidence that child pornography sites on the service went over the mandated free hosting limit, meaning that Freedom Hosting II was not only encouraging the sites but actually profiting from them as well.

A hacker linked to the group Anonymous has attacked a Dark Web hosting service after discovering that it was responsible for the management of child porn sites.

“Hello, Freedom Hosting II, you have been hacked”.

The hack may have affected up to a fifth of the dark web – sites accessible only using anonymising service “Tor”.

The hacker said that the action was their “first hack ever”, explaining that they “just had the right idea”.

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Many State Report Cards Leave Parents in the Dark About School Achievement – Inside School Research – Education Week

With jargon, “meaningless” tables and missing data, state report cards can be difficult for parents to use, a new report shows.

View full post on Education Week: Bullying







#pso #htcs #b4inc

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