Threat Intelligence

5/30/2017
12:20 PM
50%
50%

Cybercrime Costs to Reach $8 Trillion by 2022

Some 2.8 billion data records expected to be breached in 2017, according to a report released today by Juniper Research.

Cybercrime costs are expected to saddle businesses with a whopping $8 trillion price tag over the next five years, as connectivity to the Internet rises but security system upgrades don't keep pace, according to a Juniper Research report released today.

In this year alone, 2.8 billion data records held by business customers are expected to be breached, according to the report, The Future of Cybercrime & Security: Enterprise Threats & Mitigation 2017-2022. And in the next five years, that figure is anticipated to balloon to 5 billion breached records.

Small-and mid-size businesses (SMBs) are expected to face the brunt of the attacks, given these organizations shelled out an average of under $4,000 a year in 2017 on cybersecurity efforts. The amount they spend is not expected to substantially increase over the next five years, despite rising threats and the fact that a number of small businesses run older software.

Running older software that has not been patched is just one problem that SMBs face. Another growing problem is the greater availability of easy to use ransomware toolkits that requires little to no programming skills on part of the cyberattacker, according to the report.

Read the Juniper Research report here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Gavinkeats
50%
50%
Gavinkeats,
User Rank: Apprentice
6/2/2017 | 7:24:54 PM
Apple Mac issues?
Your article does not specify operating systems, a search in the article for iOS appears to be a limited threat. Is that correct?
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
5/31/2017 | 10:54:08 AM
Actively Patch
Like many security training programs attest to, actively patching can remediate a very large percentage of risk at your organization. Unfortunately, there are many cases where active patching is not a reality due to fear of breaking business facing apps. This in and of itself has inherent risks as denoted by the article.
Crowdsourced vs. Traditional Pen Testing
Alex Haynes, Chief Information Security Officer, CDL,  3/19/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Reading Schneier's Friday Squid Blog again?
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
The State of Cyber Security Incident Response
The State of Cyber Security Incident Response
Organizations are responding to new threats with new processes for detecting and mitigating them. Here's a look at how the discipline of incident response is evolving.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-6149
PUBLISHED: 2019-03-18
An unquoted search path vulnerability was identified in Lenovo Dynamic Power Reduction Utility prior to version 2.2.2.0 that could allow a malicious user with local access to execute code with administrative privileges.
CVE-2018-15509
PUBLISHED: 2019-03-18
Five9 Agent Desktop Plus 10.0.70 has Incorrect Access Control (issue 2 of 2).
CVE-2018-20806
PUBLISHED: 2019-03-17
Phamm (aka PHP LDAP Virtual Hosting Manager) 0.6.8 allows XSS via the login page (the /public/main.php action parameter).
CVE-2019-5616
PUBLISHED: 2019-03-15
CircuitWerkes Sicon-8, a hardware device used for managing electrical devices, ships with a web-based front-end controller and implements an authentication mechanism in JavaScript that is run in the context of a user's web browser.
CVE-2018-17882
PUBLISHED: 2019-03-15
An Integer overflow vulnerability exists in the batchTransfer function of a smart contract implementation for CryptoBotsBattle (CBTB), an Ethereum token. This vulnerability could be used by an attacker to create an arbitrary amount of tokens for any user.