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Companies have to bear about half the losses of cybercrime attacks, according to a new report.
The indictment and criminal complaints in the case offer a glimpse into what the authorities said was one of the most sophisticated and effective cybercrime attacks ever uncovered.
On Thursday, federal prosecutors in Brooklyn unsealed an indictment charging eight members of the New York crew — including their suspected ringleader, who was found dead in the Dominican Republic on April 27 — offering a glimpse into what the authorities said was one of the most sophisticated and effective cybercrime attacks ever uncovered.
Just yesterday, Sophos published a report that showed social networking services like Facebook and Twitter are increasingly being targeted in cybercrime attacks.
The cost for cybercrime attacks — according to the Ponemon Institute, which interviewed 50 companies — is now at $5.9 million, with the highest now $36.4 million.
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And technology is fundamentally democratizing: today's NSA secret techniques are tomorrow's PhD theses and the following day's cybercrime attack tools.
As regards cybercrime, combatting attacks and staying resilient, firms need not only to take and put 'preventative' controls in place - i.e. buying solutions to try and stop it happening in the first place.
The survey was sent to several hundred of the nation's 1,000 largest companies and 91 responded; it was the United States component of a global survey of economic crime conducted for the first time by PricewaterhouseCoopers. Economic crime encompasses a range of activities, including cybercrimes, like attacks on corporate Web sites, and counterfeiting.
Mikko HypponenMikko Hypponen Chief Research Officer of F-Secure looks at cybercrime and cyber attacks launched by nation states.
Mikko Hypponen, Chief Research Officer of F-Secure, looks at cybercrime and cyber attacks launched by nation states.
The claim comes as a conference meets in London to discuss cybercrime and internet attacks, led by the defence secretary William Hague, and after the chief of the GCHQ listening agency warned that threats against government infrastructure from foreign hackers were at "disturbing" levels.
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