Cybercrime is now the number one threat facing U.S. businesses of all sizes, including SMBs.
Last year's high-profile ransomware attacks have shown business owners that cyber-criminals don't discriminate when it comes to their targets. With experts agreeing that 2018 will be an even bigger year for cybercrime, no business can afford to be complacent.
Cybercrime is atrocious to the information age. Cybercriminals operate not only with impunity but also in total disregard to whom they hurt. Notwithstanding, cybercrime is one of the most prominent businesses on the dark web as it is.
A new report says that cybercrime costs businesses close to $600 billion, or 0.8 percent of global GDP, which is up from a 2014 study that put global losses at about $445 billion.
The Economic Impact of Cybercrime – No Slowing Down report from McAfee in partnership with the Center for Strategic and International Studies (CSIS), attributes the growth over three years to cybercriminals quickly adopting new technologies, the ease of engaging in cybercrime – including an expanding number of cybercrime centers – and the growing financial sophistication of top-tier cybercriminals.
Cybercriminals increased their SamSam ransomware attacks against the healthcare sector in the first quarter of 2018, with numerous cases reported of hospitals paying the ransom to regain access to their systems.
This week’s Black Hat event will highlight job-related stress and mental health issues in the cyber workforce.
“as leaders, we need to ensure that cybersecurity is a priority – not an afterthought.”
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Report: Mid-sized businesses lose more to cybercrime than large or small ones
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The healthcare billing claims vendor discovered a hacker accessed an employee workstation on March 22.