Top 5 cyber crimes of 2014

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Cyber crime features as one of the top risks in 2014 and will
continue to do in 2015. Production of malware on industrial
scale, easy to use tool kits and off the shelf services are
putting sophisticated attack methods in the hands of
relatively unskilled cyber criminals.
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2. Hacking group Rex Mundi held Domino’s Pizza to ransom
over 600,000 Belgian and French customer records. Mundi
allegedly extorted thousands of dollars from the fast-
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3. eBay went down in a blaze of embarrassment as it suffered
this year’s one of the biggest hacks. In May 2014, eBay
revealed that hackers had managed to steal personal
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4. One of the largest supermarket chains in the world,
Target, got hacked and credit card and personal details
of over 70 million customers were stolen. The worrying
part is that Target uses the same anti-hacker security
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5. A group of Russian hackers managed to steal around 1.2 billion
accounts’ login details. There are around 2.9 billion internet
users in the world, which makes this one of the biggest
cybercrimes of the century. The Russian cyber gang comprises no
more than a dozen young boys. The names of the websites remain
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6. As much as £650 million is thought to have gone missing after a
Russian gang used computer viruses to infect networks in more
than 100 financial institutions worldwide. They were able to
impersonate bank staff online in order to transfer millions of
pounds into dummy accounts. They were even able to instruct cash
machines to dispense money at random times of the day even
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7. As cyber security incidents multiply in frequency and cost,
the cyber security programs of organizations do not rival
the persistence and technological prowess of their cyber
adversaries.
Although insurance cannot prevent a cyber attack, a well
structured insurance program can take of the financial
consequences of cyber crime.
To know more about cyber risks and how insurance can
protect you, write to us on info@optima.co.in
www.optima.co.in
info@optima.co.in