Cybersecurity News. PHOTO: Cybercrime Magazine.

Cybercrime Bytes: Amazon Hosts Ransomware, eBay Cyberstalking, White Whale Prizes

Weekly news that keeps you on the cutting edge of cybersecurity

– The editors at Cybercrime Magazine

Sausalito, Calif. – Jun. 29, 2020

This week’s rundown is sponsored by Arcserve — your source for smarter, easier data and ransomware protection. 

Amazon’s CloudFront is being used to host Command & Control (C&C) infrastructure for a ransomware campaign that has successfully hit at least two multinational companies in the food and services sectors, according to a report by security firm Symantec. Computer Business Review

Six former employees of eBay, Inc. — including its senior director of safety & security and its director of global resiliency — have been charged with leading a cyberstalking campaign targeting the editor and publisher of a newsletter that eBay executives viewed as critical of the company. U.S. Department of Justice

 — While the majority of cyberattacks continue to be aimed at small to mid-sized businesses with less sophisticated IT infrastructure, organizations that collect massive amounts of sensitive data will always be natural targets and “white whale” prizes for cybercriminals. Forbes

— One of the major draws for many cybersecurity specialists is the ability to work remotely. Cybersecurity is the ideal industry for remote workers as it’s usually possible to access a company’s network without having to visit the office in person. TechRadar Pro

— According to Cybersecurity Ventures, cybercrime will cost the world $6 trillion by 2021 — more than the global trade of all illegal drugs combined. For investors in cybersecurity stocks, there could be a big opportunity here. Yahoo! Finance

Cybercrime Radio: Interview with Jack B. Blount, CEO at Intrusion, Inc.

Are CISOs prepared for Cyberwarfare?

There is a shortage of cybersecurity professionals in Florida, with more than 25,000 unfilled cyber-security jobs in the state. “A recent survey by Cybersecurity Ventures estimates that globally there will be 3.5 million unfilled cybersecurity related jobs in 2021. And I think those numbers actually are low,” said Eman El-Sheikh, director of the University of West Florida Center for Cybersecurity in Pensacola, Fla. Florida Trend

— Data breaches are growing in both frequency and scope. More than 9,100 data breaches, containing more than 10.4 billion exposed records, have been made public since 2005. Heightening these issues is the continued cybersecurity skills shortage on top of an increasingly interconnected world. ZeroNorth

— How lethal is ransomware, and why do many of the cyber experts still consider it to be the numero-uno cyber threat even today? Globally, businesses in 2021 will fall victim to a ransomware attack every 11 seconds, down from every 14 seconds in 2019, according to Cybersecurity Ventures. TechObserver

Phishing attacks are up 600 percent, according to Barracuda Networks. Business email compromise and account takeovers are getting fueled by a sophisticated ability to mimic convincing language and formats while engaging with distracted and off-balance recipients. MEDICI

Nobody’s immune from ransomware. Among the prominent companies hit in recent months: Honda, one of the world’s biggest car manufacturers; Cognizant, a major IT services company; Finastra, a prominent banking services provider; MaxLinear, a NYSE-listed semiconductor specialist, and the list goes on. Computer Business Review

Cybercrime TV: “Women Know Cyber” Book Review by Scott Schober

100 Fascinating Females Fighting Cybercrime

In the midst of the COVID-19 pandemic, it appears that hackers are intensifying their attacks. As of mid-April, the FBI’s Internet Crime Complaint Center was receiving 3,000 to 4,000 complaints a day — many of them COVID-related — while previously it was getting around 1,000 a day. Forbes

The “Mastering Cyber” one-minute weekly podcast episodes from Mastercard, with host Alissa (Dr Jay) Abdullah, PhD, is taking a summer break starting this week. The popular Cybercrime Radio series will resume airing in September. Cybercrime Magazine

— Global tech companies could play a vital role to beef up cybersecurity for a resilient, safe, and peaceful cyberspace. According to Cybersecurity Ventures, “to defend cyberspace from crimes, hacking, extortions, and intrusions, $1 trillion USD will be spent globally between 2017 and 2021.” Saudi Gazette

— The College of Liberal Arts and Sciences at Mercer University will offer a Bachelor of Science (B.S.) and Bachelor of Arts (B.A.) in cybersecurity on the Macon campus, beginning fall 2020, building on existing courses within information sciences and technology, as well as computer science. Mercer University

 — The 2020 CISO 500 Data File from Cybersecurity Ventures was released on Jun. 15, 2020. This special compilation contains the CISO names at the 500 largest companies in the United States. Cybercrime Magazine

More next week.

Cybercrime Bytes Archives

– From the editors at Cybercrime Magazine

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