Cyber crime services have become cheaper and easier to obtain with $1.5 trillion reaped from the cyber crime services offered on the dark web marketplaces annually.
Recent 2019 ISACA annual report shows key interesting cyber security trends which includes underreporting of cyber crimes and internal employees being the third-greatest security threat.
2020 and 2021 were record years for ransomware payments at about $765 million. The take collected by ransomware operators is now down 40% to $457 million in 2022.
The problem of social media cyber crime is growing at an astonishing rate and is now a $3 billion business. According to a recent report, nearly 1 in 5 organizations worldwide are now infected by malware distributed by social media.
Cyber espionage campaigns focus on gaining access to journalist networks by impersonating legitimate members of the profession. The state sponsored hackers then hunt for useful geopolitical information.
Cyber espionage hackers target Czech antivirus software company Avast's CCleaner product with more than 435 million users in 68 countries in an attempted supply chain attack.
The assessment of the damage from the recent cyber espionage campaign by Chinese hackers has now been revised and greatly expanded, with more senior officials and ambassadors confirmed to have been targeted and potentially "hundreds of thousands" of email accounts breached.
Chinese hackers have just pulled off one of India’s biggest cyber fraud ever by convinceing the head of a local Indian subsidiary of an Italian firm to wire $18.6 million from bank accounts in India to a bank account in Hong Kong.
Cyber Incident at DP World Australia Shut Down Port Operations, Backed Up 30,000 Shipping Containers
Large-scale cyber incident on critical infrastructure shut down port operations across Australia over the weekend, prompting a backup of some 30,000 shipping containers that were unable to unload for several days.
36% of Corvus claims were related to fund transfer fraud in Q3 2022, hitting an all-time high and outpacing ransomware for the first time in a long time. Ransomware cyber insurance claims remain the most costly per incident, however.
