DefendEdge - Negotiating Ransomware
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Ransomware attacks are increasing significantly each year, with a new organization falling victim every 14 seconds in 2019 and every 11 seconds by 2021. The annual global cost of cybercrime is expected to exceed $6 trillion by 2021. In the US alone last year, ransomware potentially cost over $7.5 billion across government agencies, healthcare organizations, schools, and cities like Baltimore and New Orleans. Hackers justify these illegal activities as being "soldiers in the war" for their countries.
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Hackers, in the past have developed a modern and sophisticated way of creating income for themselves. Hackers as the top of the line in software development, have move up the chain of technology. Adopting cloud computing, artificial intelligence, software as a service and encryption, they created a non-stop threat to major companies. Most of the companies fail to take the most basic protective measures against cyberattacks. While the cybercriminals use simple and advance technology to target unsecure organizations, is unlikely for them to stop this attack. Hackers understand the power they possess, it is too easy and rewarding, and the chances of being punished is too low. The Center for Strategic and International Studies (CSIS) estimated that cybercrime costs the world’s economy almost $500 billion, or about 0.7% of global income (Lewis, 2018). These numbers are positioning cybercrimes on the top profitable employment. People and companies adopt new advance technology, more protective software’s and more sophisticated. The problem is like the experts on security protocols continue to update their tools, hackers fast learn how to break them. There are high expectations on cybercrimes to increase, and with the help of new and easy devices like Internet of Things (IoT). We have seen that IoT is used not only to steal personal information or to gain access to data or networks, but also to enable Distribute Denial-of-Service (DDoS) attacks. The impacts of cyberattacks on nation’s economy includes global costs of cyberattacks; ransomware attack implications; additional costs on financial institutions, while the recent cyberattacks being WannaCry; NotPetya; GitHub DDoS; Yahoo attack aided by the tor network, bitcoin and cyberattack-as-a-service.
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Cybersecurity has become more important as the number of internet-connected devices increases and cybercrime costs rise significantly. It is estimated that cybercrime costs will reach $6 trillion in 2021 and $10.5 trillion by 2025, equivalent to the global illegal drug trade. One major threat is ransomware attacks, where malicious actors encrypt systems and hold data hostage until paid. As more devices join the Internet of Things, they become vulnerable targets, demonstrating the need for improved cybersecurity protections to curb worsening cybercrime trends.
CyberSecurity.pptx
Cybersecurity is the practice of defending computers, servers, mobile devices, networks, and data from malicious attacks. It is necessary to secure data from threats and safeguard systems from viruses, as hackers attack people worldwide every half minute and cybercrime costs are projected to rise from $6 trillion in 2021 to $10.5 trillion by 2025. Key elements of cybersecurity include application security, information security, network security, disaster recovery, operational security, and end user education, using tools like passwords, firewalls, antivirus software, encryption, and authentication.
Keep your office secure
Are you worried about cyber attacks on your business, and the possible effects of being breached? Let us provide you a professional assessment, and make sure you're secure as possible.
2009 10 21 Rajgoel Trends In Financial Crimes
The document summarizes trends in various types of financial crimes including data breaches, identity theft, mortgage fraud, and other cybercrimes from 2005 to 2009. It discusses specific cases like the Sony rootkit scandal and fraud involving forged deeds and stolen identities that resulted in people losing their homes. The document also mentions the large economic impact of crimes like telemarketing fraud and the growing problem of botnets and zombie computers being used to steal data and money.
The 5 Biggest Cybersecurity Trends In 2020 Everyone Should Know About
The vital role that cybersecurity plays in protecting our privacy, rights, freedoms, and everything up to and including our physical safety will be more prominent than ever during 2020.
Aspects of Cyber Crime theory | Criminal or a Noncriminal offense
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Terrorist Cyber Attacks
Terrorist cyber attacks pose a significant threat to national institutions and have the potential to cause greater devastation than cybercrimes targeting individuals. As technology advances rapidly, organizations must constantly upgrade their security systems to defend against evolving cyber threats from terrorist groups. A successful terrorist cyber attack could put people at risk by allowing sensitive information to fall into the wrong hands, disrupting critical resources, or manipulating data to cause harm. Key targets include energy, transportation, banking, and communication networks. Nations must remain vigilant against these threats through strong cyber defenses and active countermeasures.
A Review Paper On Cyber Crime
This document provides a review of cybercrime. It begins with definitions of crime and cybercrime. It then discusses several common types of cybercrimes like financial crimes, cyber pornography, drug trafficking, and cyber terrorism. It also examines cybercriminals and categorizes them from teenagers to professional hackers. The document analyzes data on the countries most affected by cybercrime. It concludes that cybercrime causes significant financial losses globally and emphasizes the importance of awareness and cybersecurity laws.
AECF: A Look into Cyber Crime - Doomsday Preppers for the Naked and Afraid
Cyber crime is a growing global problem that costs businesses and organizations billions of dollars annually. The document discusses various types of cyber criminals, from amateur hackers to organized criminal groups. It also examines the national security threat from state-sponsored cyber espionage, particularly from China and Russia, which steal intellectual property and sensitive government information through sophisticated targeted attacks. The costs of cyber crime to businesses are substantial and increasing each year as more data and systems become electronically connected.
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Cybersecurity 2020 the biggest threats to watch out for
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David Klein - Defending Against Nation Sate Attackers & Ransomware
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Nicholas Dorans discusses the history and evolution of passwords from their introduction in 1961 to current practices and future directions. Passwords were first used at MIT and initially stored in plain text before the development of hashing in the 1970s. While passwords remain common, best practices include using unique, strong passwords for each account and password managers. Biometrics and two-factor authentication are gaining adoption to improve security beyond passwords alone.
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Tarik Moataz - Encrypted Search: from Research to Real-World Systems
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The document discusses the need for certifiable quantum encryption to secure against future quantum computers. It outlines that current encryption could be broken in 5-10 years by quantum algorithms like Shor's algorithm. It then discusses several approaches to quantum encryption including post-quantum algorithms, quantum key distribution (QKD), and certifiable random number generation which is needed for secure key generation. The document argues for transitioning to quantum encryption now before current encryption can be hacked by emerging quantum technologies.
Complyify Car Hacking & Cyber Risk
The document discusses techniques for hacking into a car's CAN bus system to manipulate functions. It provides recommendations for CAN bus hardware, software tools like Wireshark and CAN utilities for Linux, and general techniques for capturing CAN traffic, identifying packet senders, decoding packets, replaying packets, and sending new packets. Potential risks are noted. Resources for further information on car hacking are also included.
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- 3. “A new organization will fall victim to ransomware every 14 seconds in 2019, and every 11 seconds by 2021.” -Cyber Security Ventures “Ransomware attacks have increased over 97% in the past two years.” -Phishme “The annual global cost of cybercrime expected to exceed $6 trillion by 2021.” -Forbes “The potential cost of ransomware in the United States last year was over $7.5 billion… Tallied 113 government and agencies, 764 healthcare, 1,233 schools, Baltimore and NOLA affected by ransomware.”- MIT Technology
- 6. “We risk our lives doing this illegal business. NSA, Homeland security and FBI are trying to get us we are not ready to do all this for just 50 cents. We are not working for nothing. You live in your prosperous country, but we are soldiers in the war and any means are good for victory...” “Sorry à la guerre comme à la guerre.”
- 7. II. Hackers used next generation ransomware. In order to know ransom, company must contact the Hacker. If Hackers are contacted… They know companies are in trouble. Ransom starts at $250k-$500k III. Companies got smart and started backing up files, servers, devices and hiring IT security. Hackers would threaten to leak sensitive company data in return for ransom. Ransom starts at $500k+ I. Companies open email regarding their files have been encrypted. Must send ransom in return for the encryption key. Ransom starts at $4k-15k
- 11. Recovery and Mitigation Cost: $80 million to $95 million Recovery and Mitigation Cost: $60 million to $71 million Recovery and Mitigation Cost: $18.2 million