Many cybercrime victims are repeatedly attacked by the same hackers

On average, one in two companies worldwide have suffered multiple attacks from the same hacking group, a new report from AtlasVPN claims. What’s more, almost two-thirds (61 percent) of those attacked did not remediate the flaws that made them vulnerable, making the criminals’ jobs that much easier. Of all the companies, those in the UK seem to be suffering the …

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Colonial Pipeline attack reveals the real-world impact of cybercrime

For many people, the recent ransomware attack on the Colonial Pipeline, a major supplier of petroleum products to the Eastern U.S., demonstrated the serious damage that these kinds of attacks can do. In many past ransomware attacks, individual companies may have lost data, if they didn’t pay the ransom, but the greater public was largely immune to the effects. In …

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Leveraging cyberpsychology in our fight against cybercrime

Technology such as social media has fundamentally transformed our world, shaping our lives and relationships in novel and interesting ways. Often this is for the better. For example, technology has enabled the shift to remote working and allowed us to stay in touch with loved ones throughout the pandemic.  It has also worked to provide businesses, individuals, artists and politicians …

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The UK saw a significant rise in cybercrime last year

The pandemic has been seized upon by cybercriminals everywhere, allowing them to leverage the exploding levels of fear and uncertainty to spread malware, steal money and sell valuable data on the black market. A new report from cybersecurity firm ESET analyzed the state of cybercrime in the UK for 2020, and uncovered an increase of 19.1 percent compared to the …

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Cybercrime saw an ‘explosion’ in 2020

Various factors combined to make 2020 a “perfect storm” for cybercrime, a new report from security firm SonicWall claims. The remote working explosion, proliferation of cloud-based solutions and apps, and rise in the value of cryptocurrencies all contributed to growth in cybercriminal activity. Analyzing the 2020 threat landscape, SonicWall said ransomware reached new heights, with the number of incidents growing …

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Cybercrime cost the world over $1 trillion in 2020

More than $1 trillion was spent on cybersecurity or given up as a result of a cyberattack last year, representing approximately one percent of the world’s GDP. This is according to a report from Atlas VPN, which states that the majority ($945 billion) was lost due to cybersecurity incidents, while the remaining $145 billion was spent on putting protections in …

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Cybercrime is now a trillion-dollar cost to the global economy

Cybercrime is now a trillion-dollar cost to the global economy, according to a new report from cybersecurity firm McAfee. The Hidden Costs of Cybercrime report states that costs have risen 50 percent, compared to 2018 when they were estimated at $600 billion. Further, many of the impacts of cybercrime, albeit significant, remain unseen. Losing money and intellectual property remain the …

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Microsoft partners with UK cybercrime watchdog to identify the most innovative start-ups

The UK National Cyber Security Centre (NCSC) wants to make the territory the “safest place to live and work online”. To that end, it has partnered up with Microsoft to find and develop start-ups that can make that dream a reality. Announcing the news in a press release, Microsoft said it would be providing access to its Accelerator alumni network, …

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