Cyber Crime

submitted by /u/DrinkMoreCodeMore[visit reddit] [comments]

World’s top chief information security officers. Brought to you by KnowBe4

– Steve Morgan, Editor-in-Chief

Sausalito, Calif. – Jan. 31, 2023

The CISO Show is the no. 1 destination for thought leadership on what matters the most in cybersecurity. Chief information security officers from across the globe talk to Cybercrime Magazine about the magnitude of the cybercrime threat, ransomware and other major threats, the cybersecurity market and its solutions, the talent gap and what can be done about it, educating employees on cyber safety and other pressing concerns. Don’t miss an episode! Tune in at CISOShow.com.

Ransomware: The Fastest Growing Type of Cybercrime

KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist

Ransomware will cost its victims more around $265 billion (USD) annually by 2031, Cybersecurity Ventures predicts, with a new attack (on a consumer or business) every 2 seconds as ransomware perpetrators progressively refine their malware payloads and related extortion activities. The dollar figure is based on 30 percent year-over-year growth in damage costs over the next 10 years. Ransomware is expected to attack a business, consumer, or device every 2 seconds by 2031, up from every 11 seconds in 2021. Watch the CISOs to learn more.

The Cybersecurity Talent Gap

KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist

There are 3.5 million unfilled jobs globally in 2023, enough to fill 50 NFL stadiums. That’s up from one million positions a decade ago. For the first time since Cybersecurity Ventures has been tracking the market, we anticipate the number of openings to level off. But over the next three years we expect the 3.5 million figure to hold steady. In this episode, some of the world’s top CISOs share their insights on the cybersecurity labor shortage, and how to get more young people, women, minorities, and crossovers from IT into our field.

The Cybersecurity Market

KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist

The imperative to protect increasingly digitized businesses, Internet of Things (IoT) devices, and consumers from cybercrime will propel global spending on cybersecurity products and services to $1.75 trillion cumulatively for the five-year period from 2021 to 2025, according to Cybersecurity Ventures. In 2004, the global cybersecurity market was worth just $3.5 billion, and now it’s one of the largest and fastest-growing sectors in the information economy. What do the CISOs have to say? Watch!

Global Cybercrime Damage Costs

KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist

Cybercrime is predicted to cost the world $8 trillion USD in 2023, according to Cybersecurity Ventures. If it were measured as a country, then cybercrime would be the world’s third-largest economy after the U.S. and China. Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm. Watch what the CISOs have to say on this.

– Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.

Go here to read all of my blogs and articles covering cybersecurity. Go here to send me story tips, feedback and suggestions.

Sponsored by KnowBe4

KnowBe4 is the provider of the world’s largest security awareness training and simulated phishing platform that helps you manage the ongoing problem of social engineering. We help you address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. Tens of thousands of organizations like yours rely on us to mobilize your end users as your last line of defense.

The post CISO Show: Defending Against Cybercrime appeared first on Cybercrime Magazine.

Post Content Source: Read More

Cybercrime is a growing scourge that transcends borders, spreading across the boundaries of virtually all the world’s nearly 200 nation-states. From ransomware attacks to rampant cryptocurrency theft, criminal exploitation of borderless digital systems threatens global economic security and the political welfare of all countries.

Now, the United Nations has a major initiative to develop a new and more inclusive approach to addressing cybercrime that would replace a two-decades-old international cybercrime convention. This revised global approach could spark new laws worldwide to battle cybercrime more effectively. However, concerns over the scope of the emerging international convention and its possible threats to free speech, privacy, and cybersecurity research, among other issues, have emerged following the recent release of early drafts of the new convention.

To read this article in full, please click here

Cybercrime is a booming business. So, like any other thriving market, the masterminds behind ransomware syndicates or online scam operations need workers, too. And they aren’t just looking for other criminal hackers. Developers, administrators and designers are in high demand.

And just as the cybersecurity market is competing for the best talent, cybercriminals are also offering high salaries and perks to attract the best. Some ads boasted annual salaries as high as $1.2 million for the skilled hackers.

According to new analysis from the cybersecurity firm Kaspersky, it appears that developers are the most sought after within the cybercrime ecosystem. The company’s researchers reviewed roughly 200,000 employment-related messages posted on 155 dark web forums between January 2020 and June 2022. The number of posts peaked in March 2022, possibly because of COVID-19-related lockdowns and income reductions in multiple countries. Nevertheless, job posts — both seeking employment and listing jobs — have exceeded 10,000 per quarter, the analysis found.

Other in-demand positions included attack specialists, reverse engineers, testers, analysts, administrators and designers. Even the most sophisticated hacking crews still need help, the researchers said.

(Kaspersky)

Not all job listings are for roles performing illegal work — in fact, one “well-known Russian bank” sought to hire developers while others sought candidates to develop legal IT learning courses — but even the criminal work had the mundane sort of feel of typical employment ads. Test assignments were common, the researchers said, and included steps such as encrypting files, evading anti-virus detection and being generally professional and available online.

Listing describing a candidate testing process. A successful candidate who made it to step four would be hired for full-time work and compensated between $800 and $1,500 per week (Kaspersky).

Other parts of the listings would be familiar to normal tech job seekers, such as incentives — “with each successful assignment, you get a raise and an instant bonus” — employee referral bonuses and paid time off, and drug-free requirements. High salaries for the right candidates were available, $100,000 per month in one listing, $20,000 per month in another, but the median salary, depending on the role, ranged between $1,300 and $4,000.

Some arrangements seemed more informal: “Want a long term cooperation, hack some Chinese websites and dump the DBs for me, lets talk on xmpp,” one message read, referring to a widespread internet messaging platform.

The analysis found that some people seeking jobs seemed to simply need the money, but for others the reasons may be harder to pin down. Either way, people seeking out this kind of work may not fully understand who they’re getting involved with. “People may have several reasons for going to a dark web site to look for a job,” the researchers wrote. “Many are drawn by expectations of easy money and large financial gain. Most times, this is only an illusion.”

Additionally, the salaries are “seldom significantly higher than those you can earn legally,” the researchers wrote. “Nevertheless, unhappy with their pay, a substantial percentage of employees in the legitimate economy quit their jobs to find similar employment on the dark web market,” they wrote. “Changes on the market, layoffs, and pay cuts, too, often prompt them to look for a job on cybercrime websites.”

The post Cybercrime groups offer six-figure salaries, bonuses, paid time off to attract talent on dark web appeared first on CyberScoop.

The complex nature of cyberattacks has increased demand for software developers, reverse engineers, and offensive specialists — attracting workers facing financial insecurity.

Pope Francis said the Catholic Church can and should work to put an end to laws that criminalize homosexuality. “It must do this. It must do this,” he said.

Feds Say a Firm Nobody’s Heard of Was Part of a ‘High-Tech Axis of Crypto Crime’
When the DOJ announced a “major, international cryptocurrency enforcement action,” observers expected to see charges against a well-known firm. Instead, the agency charged a lesser-known figure, Anatoly Legkodymov, the Russian founder of Bitzlato, with facilitating $700 million in illegal activity.

Participants in a working session on ransomware at the World Economic Forum discussed how planning ahead can reduce cyber risk.

Cryptocurrencies have now been around for over a decade. Since their inception, they’ve been gaining traction as a legitimate form of currency. However, along with the rise in popularity of cryptocurrencies, there has also been a rise in the use of cryptocurrencies for cybercrime. Why is that?

The post Cryptocurrencies: How have they influenced cybercrime? appeared first on Security Boulevard.