Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Application Security

How Threats Increase in Internet Time

Cybercrime incidents and costs increase with each passing minute on the Internet.

A famous song from the musical Rent pointed out that there are 525,600 minutes in a year. A new report looks at just how much Internet evil can fit into each minute of the year, and it's definitely not all about love.

It's about the numbers inside the $1,138,888 dollars of cybercrime cost each minute that add up to $600 billion in damage each year, according to a February, 2018 McAfee report on the impact of cybercrime. And the details of those numbers tell a story of growing risk due to a growing computer footprint, detailed in The Evil Internet Minute, a new infographic generated by researchers at RiskIQ.

"Some of it [the data] is based on reports from companies like McAfee and Gartner, but the research comes from our own systems," says Yonathan Klijnsma, threat researcher at RiskIQ. He explains that RiskIQ builds large databases from information found in global data crawling and used portions of that data to draw conclusions on individuals threats and trends.

Those conclusions involve numbers that become almost mesmerizing as the time scales and dollar amounts change: For example, RiskIQ reports that four potential vulnerable Web components are discovered each minute. That works out to more than two million such discoveries every year.

Klijnsma worries more, however, about active criminal activities like the .07 incidents of Magecart (36,792 per year) that RiskIQ found. "People thought the Ticketmaster breach was a one-off based on Magecart, but it's a credit-card skimming group," Klijnsma says, referring to the June incident. Instead, he says, the group has taken the "classic" credit card skimmer attack and moved it from the gas pump and ATM to e-commerce sites.

The lesson for organizations from reports such as this? "You want it to be more expensive for the bad guys," he says. "You need to keep your stuff updated. People tend to install things and forget about them," Klijnsma says.

"Whatever's online immediately starts to go out of date. If you leave it on the Internet, it will be out of date in a few months," he says. 

Beyond up-to-date software, he says, "One golden rule is limiting exposure. Nothing goes accessible online until it really has to."

Related Content:

Learn from the industry's most knowledgeable CISOs and IT security experts in a setting that is conducive to interaction and conversation. Early bird rate ends August 31. Click for more info

Curtis Franklin Jr. is Senior Editor at Dark Reading. In this role he focuses on product and technology coverage for the publication. In addition he works on audio and video programming for Dark Reading and contributes to activities at Interop ITX, Black Hat, INsecurity, and ... View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 5/28/2020
Stay-at-Home Orders Coincide With Massive DNS Surge
Robert Lemos, Contributing Writer,  5/27/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Can you smell me now?
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-11844
PUBLISHED: 2020-05-29
There is an Incorrect Authorization vulnerability in Micro Focus Service Management Automation (SMA) product affecting version 2018.05 to 2020.02. The vulnerability could be exploited to provide unauthorized access to the Container Deployment Foundation.
CVE-2020-6937
PUBLISHED: 2020-05-29
A Denial of Service vulnerability in MuleSoft Mule CE/EE 3.8.x, 3.9.x, and 4.x released before April 7, 2020, could allow remote attackers to submit data which can lead to resource exhaustion.
CVE-2020-7648
PUBLISHED: 2020-05-29
All versions of snyk-broker before 4.72.2 are vulnerable to Arbitrary File Read. It allows arbitrary file reads for users who have access to Snyk's internal network by appending the URL with a fragment identifier and a whitelisted path e.g. `#package.json`
CVE-2020-7650
PUBLISHED: 2020-05-29
All versions of snyk-broker after 4.72.0 including and before 4.73.1 are vulnerable to Arbitrary File Read. It allows arbitrary file reads to users with access to Snyk's internal network of any files ending in the following extensions: yaml, yml or json.
CVE-2020-7654
PUBLISHED: 2020-05-29
All versions of snyk-broker before 4.73.1 are vulnerable to Information Exposure. It logs private keys if logging level is set to DEBUG.