Tagged: cybercrime

The Global Cost of Cybercrime: On the Rise

Together, McAfee and the Center for Strategic and International Studies (CSIS) published the report, “Net Loss: Estimating the Global Cost of Cybercrime.” This is a global estimate of cybercrime that follows from previous research conducted by CSIS on the cybercrime in the United States. This study focuses on the costs...

US Cybercrime: On the Rise

Together with the United States Secret Service, CSO magazine, and the CERT Division of the Software Engineering Institute at Carnegie Mellon University the PwC (PricewaterhouseCoopers) published the “2014 US State of Cybercrime Survey“, an annual survey of cybercrime trends. This study reveals that cybercrime is on the rise and most...

International Cyber Officials Take Down BlackShades Malware Creators, Sellers, and Users

Cybercrime and cyberattacks are becoming increasingly prevalent in computer networks worldwide. Everything from national power grids to individual users’ private data is being targeted for malicious use, and on top of that, these networks and data are becoming harder and harder to protect. To combat the growing cybercrime phenomenon, the...

Senate Report: Target’s Negligence Allowed Massive Theft of Shopper Data

On December 19, 2013, news broke that 110 million Target customers had their personal data stolen from the Target network. The U.S. Senate Committee on Commerce, Science, and Transportation has released a report detailing exactly how this breach occurred, and has made recommendations to prevent such massive theft in the...

Catching Credit Thieves: A Global Approach

The U.S. Department of Justice published a new report, “Examining the Structure, Organization, and Processes of the International Market for Stolen Data”, by Thomas Holt and Olga Smirnova.  This report found that Russia provides a “home base” for hackers and that many hackers and data thieves are operating primarily in...

Economic Impact of Cybercrime and Cyber Espionage

The Center for Strategic and International Studies and McAfee, Inc. have published a report on the Economic Impact of Cybercrime and Cyber Espionage. From the report: “Is cybercrime, cyber espionage, and other malicious cyber activities what some call ‘the greatest transfer of wealth in human history,’ or is it what...

Findings from the 2013 State of Cybercrime Survey

PricewaterhouseCoopers Firm (PwC) has released the most recent findings of its eleventh survey on cybercrime trends. The survey consulted 500 executives, security experts, and others from both the private and public sectors to uncover their views on the state of cybercrime. The “state of cybercrime” for the purposes of this...

New Report on Recent Cyber Crime/Scams

Yesterday, the Internet Crime Complaint Center (IC3), which is a partnership between the FBI and the National White Collar Crime Center (NW3C), released a report titled, “Internet Crime Complaint Center’s (IC3) Scam Alerts.” The report is “based upon information from law enforcement and complaints submitted to the IC3, details recent...

How Internet Schemes Work and the Cyber-Scammers’ Scorecard for 2011

A new report provides consumers and law enforcement not only data statistics for cyber-crime but an explanation of how each internet scam is run as well. 300,000 alleged criminal acts and attempts provide the data on which the Internet Crime Complaint Center’s (IC3) 2011 Internet Crime Report is based. Unfortunately,...