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This Week: Hacking Cartoons, Cybercrime Costs, Ransomware Soars

Latest news that keeps you on the cutting edge of cybersecurity

– The editors at Cybercrime Magazine

Sausalito, Calif. – Nov. 30, 2020

This week’s edition of Cybercrime Bytes is sponsored by Absolute — New enterprise security trends, threats and opportunities revealed in 2020: The State of Endpoint Resilience™ Report, our annual study of 8.5 million devices.

— In early 2020, Cybersecurity Ventures began publishing “Cybercrime Is No Laughing Matter,” a series of two cybercrime cartoons each month. To date, 12 cartoons have been published, which aim to protect consumers and businesses from hackers, identity theft, and cyberintrusions. A book is planned for 2021. Cybercrime Magazine

— If it were measured as a country, Cybercrime would be the world’s third-largest economy after the U.S. and China. Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion in 2015. The Crime Report

Ransomware had a very good 2020. With millions of people working from home due to the COVID-19 pandemic, the opportunities for infection and exploitation were higher than ever. As a result, we’ve seen more (and more dangerous) ransomware attacks in the last 12 months than in any comparable period. In 2020, according to Cybersecurity Ventures, the costs from these attacks will reach around $20 billion by 2021. Security Infowatch

In response to COVID-19, Americans rushed into a remote and digital world, and left behind our concrete sidewalks. State and local government leaders need to acknowledge the significance of our cyber challenges and the critical investments needed to secure our digital sidewalks, writes Jordan Sun, chief innovation officer for the city of San Jose and director of the Mayor’s Office of Technology and Innovation. The Hill

— With National Computer Security Day on Nov. 30, 2020, Americans must be vigilant to fight the aggressive cybercrime world now that more Americans are working from home than ever before, according to Sarah Kimmel, CEO of Family Tech. The dark web has commoditized attack tools, which gives attackers access to an excess of malicious capabilities, including ransomware as a service, botnets for rent, and more. EIN Presswire

Cybercrime Radio: Kevin Mitnick, The World’s Most Famous Hacker

Hacking from solitary confinement. A true phreaking story!

Cyberattacks rank as the fastest growing crime in the U.S., causing catastrophic business disruption. Globally, cybercrime damages are expected to reach US $6 trillion by 2021. Some of this year’s top attacks were on Twitter, Marriott, MGM Resorts, Zoom, Magellan Health, Finastra, and the Greek Banking System. ISACA

— Computershare co-founder Tony Wales and trucking magnate Ian Cootes are among those to have poured $100 million into an Australian-made cybersecurity platform that is now being piloted after 17 years in development. Melbourne-based VeroGuard is the brainchild of Daniel Elbaum, who last century developed the world’s first wireless eftpos terminals. Financial Review

— The World Economic Forum (WEF), the National Association of Corporate Directors (NACD) and the Internet Security Alliance (ISA) announced a collaborative effort to provide new guidance for directors to effectively oversee cyber risk for their organizations. The effort is inspired in part by a WEF’s report, which found that by 2021, $6 trillion will be lost to cybercrime, according to research from Cybersecurity Ventures. PR Newswire

Video communication platforms became a target during the COVID-19 pandemic as hackers attempted to infiltrate video sessions, and other threat actors registered fake domains and distributed malicious apps impersonating Zoom Video Communications (ZM), Microsoft Teams and other web-conferencing sites. International Investment

Cybersecurity Ventures predicts that there will be a ransomware attack on businesses every 11 seconds by 2021. With that in mind, now is an excellent time to shore up your ransomware protection as we move closer to the new year. Best practices include training employees, patching known vulnerabilities, and creating a disaster response and recovery plan. Arcserve

Cybercrime TV: Trickbot Primer for CISOs and Security Teams

Roger Grimes, Data-Driven Defense Evangelist

WiCyS – Women in Cybersecurity – is the only non-profit membership organization with international reach dedicated to bringing together women in cybersecurity from academia, research and industry to share knowledge, experience, networking and mentoring. The initiative began in 2012 through a grant received from the National Science Foundation. WiCyS has worked to facilitate the recruitment, retention and advancement of women in the field. University of Missouri-St. Louis

— The beginning of a new year holds newer hopes, opportunities and possibilities for job seekers. Five booming tech careers are business intelligence analyst, cybersecurity expert, cloud architect, product manager, and artificial intelligence (AI) specialist. Cybersecurity has emerged as a recession-resilient domain and one of the next booming sectors of the future. Decan Herald

— The only major global tech event set to be held live next month at the Dubai World Trade Centre, Gitex 2020 will see technology, cybersecurity, and business leaders from across the world gather to set growth strategies for the future. In a year that has been all about distancing, the region’s biggest tech event is bringing people together again — with all the COVID-19 precautions in place. Gulf Business

Tennessee Tech’s program in cybersecurity rates among the nation’s best. Graduates can find an exciting social-impact career in one of the fastest-growing industries. Cybersecurity Ventures estimates that by 2021 there will be 3.5 million job opportunities, marking a potential 250 percent uptick from 2014. For prospective students, it’s a near-guaranteed career path. Tennessean

— Cybersecurity Ventures has compiled a list of membership-based cybersecurity industry associations located globally. The organizations featured provide networking, collaboration, training, free resources, threat information sharing, professional development, career opportunities, and more. Cybercrime Magazine

Cybercrime Bytes Archives

– From the editors at Cybercrime Magazine

Sponsored by Absolute

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We help organizations recover and resume normal operations in the face of security breaches.

Absolute envisions a world where security and IT professionals always retain control over their devices and data. We’re the first and only company to offer uncompromised visibility and near real-time remediation of security breaches at the source.

Absolute Persistence™ returns devices to their desired state of safety and efficacy after malicious attacks or user error, thanks to our unique location in the firmware of more than 500 million devices built by most of the world’s top device manufacturers.