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#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.

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#nationalcybersecuritymonth | Bank of England audio leak followed loss of key cybersecurity staff | Business

Source: National Cyber Security – Produced By Gregory Evans The Bank of England restructured its security department and lost multiple senior employees in charge of protecting some of Britain’s most critical financial infrastructure shortly before it suffered a major breach, the Observer can reveal. After the central bank admitted that hedge funds had gained early […] View full post on AmIHackerProof.com

#deepweb | Book excerpt: “Modern Loss: Candid Conversation About Grief. Beginners Welcome.”

Source: National Cyber Security – Produced By Gregory Evans The undead nature of the digital world, with its Facebook Memories and LinkedIn invites (or, as we learned this week, Valentine’s Day texts delivered from the deceased), causes the dead to die over and over and over again, making grief that much more difficult to overcome […] View full post on AmIHackerProof.com

Hillary Clinton blames WikiLeaks and Russian hackers for election loss to Donald Trump

Source: National Cyber Security – Produced By Gregory Evans

In her first major speaking appearance since losing the 2016 US election, Hillary Clinton opened up about her failed bid to the White House, reflecting that a Kremlin-led misinformation campaign, an unfortunately-timed letter from the FBI and WikiLeaks were all …

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Loss Prevention Analyst

Source: National Cyber Security – Produced By Gregory Evans

Loss Prevention Analyst

Loss Prevention Analyst
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All Bitfinex clients to share 36% loss of assets following exchange hack

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Source: National Cyber Security – Produced By Gregory Evans

All Bitfinex clients to share 36% loss of assets following exchange hack

Bitfinex, the cryptocurrency exchange that lost $72m (£55m) to hackers last week, has told customers they will lose just over 36% of the assets they had on the platform but will be compensated for these losses with tokens of credit.

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