The number of cyberattacks where malware holds user data “hostage” is expected to grow in 2016 as hackers target more companies and advanced software is able to compromise more types of data.
McAfee and CSIS conclude that cybercrime costs businesses approximately $400 billion worldwide, with an impact on approximately 200,000 jobs in the United States and 150,000 jobs in the EU.
September 1, 2014
The report commends partnerships between countries for combating cybercrime, praising public-private partnerships in particular for beginning to show tangible results in terms of fighting cybercrime, such as the partnership of 11 nations to take down a crime ring associated with the GameOver Zeus botnet in June.
JPMorgan Chase and at least four other financial institutions were hacked recently in a series of coordinated attacks, and investigators believe Russian hackers were the source of the attacks, a federal law enforcement official told USA Today. What is less clear is whether the attacks were prompted by U.S. sanctions against the Russian government.
An industrial maintenance and construction firm in Tennessee is suing its bank to recover $327,000 in stolen funds, according to a Krebs On Security report. If the lawsuit proceeds to trial, it could be easier and cheaper for cyber attack victims to recover losses.
A new report from the Center for Strategic and International Studies (CSIS) and sponsored by McAfee, says that cybercrime costs businesses approximately $400 billion worldwide,with an impact on approximately 200,000 jobs in the U.S. and 150,000 jobs in the EU.
Acccording to the 2014 U.S. State of Cybercrime Survey, most U.S. organizations' cybersecurity capabilities do not rival the persistence and technological skills of their cyber adversaries.
Police in 16 countries seized cash, firearms and drugs and arrested 80 people suspected of peddling virus software believed to have infected hundreds of thousands of computers.
Credit and debit card fraud tops Americans' security concerns in 2014, against a recent backdrop of major retail and banking security breaches, according to the 2014 Unisys Security Index.
Would there be a greater return on investment if our information sharing focused less on enabling private sector victims to better duck and cover, and focused more on enabling the government to get the bad guys?
May 1, 2014
Regardless of how vigorously the industry applies risk management principles and how diligently the government shares information, there is no chance the private sector can consistently withstand intrusion attempts from foreign military units and intelligence services or even, for that matter, from transnational organized crime.