31 Dec '15, 1am

2016: Cyber-Crime Becomes Big-Time

2016: Cyber-Crime Becomes Big-Time

But then comes this week's revelation from a field trial conducted by the UK Office of National Statistics suggesting that there could have been over 7.5 million cyber offences against individuals last year. "2016 will see cybercrime finally find its place in our official statistics," says KPMG's cyber security technical director, David Ferbrache, "extortion attacks have been making a comeback with criminals demanding significant sums for suspending denial of service attacks against targets; not going public with stolen data; and of course providing a ‘service’ which grants access to a ‘client’s data which they had previously hacked and encrypted." “While phishing attacks, banking Trojans and large scale low value cash outs have characterised the last 10 years of cybercrime, new techniques are becoming part of the criminal arsenal while firms invest more and more in cyber ...

Full article: http://www.electronicsweekly.com/blogs/mannerisms/dilemma...

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