Threat Intelligence

12/13/2018
03:00 PM
100%
0%

Cybercrime Is World's Biggest Criminal Growth Industry

The toll from cybercrime is expected to pass $6 trillion in the next three years, according to a new report.

According to a new report, no crime is growing faster in the US than cybercrime, and it is increasing in size, sophistication, and cost.

The "Official 2019 Annual Cybercrime Report," is based on research conducted by Cybersecurity Ventures and sponsored by Herjavec Group. It predicts that cybercrime will cost companies across the world $6 trillion annually by 2021, increasing from $3 trillion in 2015.

The report notes this will make cybercrime more profitable than the combined global trade of all illegal drugs and represents "the greatest transfer of economic wealth in history."

On the defensive side, the report predicts more than $1 trillion will be spent globally on cybersecurity between 2017 and 2021. It also will require 3.4 million workers by 2021, up from 1 million in 2014. That growth will keep the cybersecurity unemployment rate hovering near 0%, according to the report.

Read more details 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
ThomasMaloney
50%
50%
ThomasMaloney,
User Rank: Apprentice
1/14/2019 | 2:27:09 AM
Tapping on cyber possibility
The potential for gains from the cybercrime sector is immense, it's not surprising that more people are trying to capitalise on stealing information off the networks. It seems easy enough to pull out some data from cloud storage or online if it gives you a much bigger payoff  once you've retrieved that information...
DavidHamilton
50%
50%
DavidHamilton,
User Rank: Apprentice
1/10/2019 | 10:57:22 PM
Digital world data
We should all be aware by now of just how vast the digital world truly is. Hence, this simply means that there is an infinite amount of data that gets transacted daily by millions of users. This also provides countless opportunities for potential attacks to take port in the digital world as there are so many different avenues for them to penetrate into.
Government Shutdown Brings Certificate Lapse Woes
Curtis Franklin Jr., Senior Editor at Dark Reading,  1/11/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
The Year in Security 2018
This Dark Reading Tech Digest explores the biggest news stories of 2018 that shaped the cybersecurity landscape.
Flash Poll
How Enterprises Are Attacking the Cybersecurity Problem
How Enterprises Are Attacking the Cybersecurity Problem
Data breach fears and the need to comply with regulations such as GDPR are two major drivers increased spending on security products and technologies. But other factors are contributing to the trend as well. Find out more about how enterprises are attacking the cybersecurity problem by reading our report today.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-20735
PUBLISHED: 2019-01-17
** DISPUTED ** An issue was discovered in BMC PATROL Agent through 11.3.01. It was found that the PatrolCli application can allow for lateral movement and escalation of privilege inside a Windows Active Directory environment. It was found that by default the PatrolCli / PATROL Agent application only...
CVE-2019-0624
PUBLISHED: 2019-01-17
A spoofing vulnerability exists when a Skype for Business 2015 server does not properly sanitize a specially crafted request, aka "Skype for Business 2015 Spoofing Vulnerability." This affects Skype.
CVE-2019-0646
PUBLISHED: 2019-01-17
A Cross-site Scripting (XSS) vulnerability exists when Team Foundation Server does not properly sanitize user provided input, aka "Team Foundation Server Cross-site Scripting Vulnerability." This affects Team.
CVE-2019-0647
PUBLISHED: 2019-01-17
An information disclosure vulnerability exists when Team Foundation Server does not properly handle variables marked as secret, aka "Team Foundation Server Information Disclosure Vulnerability." This affects Team.
CVE-2018-20727
PUBLISHED: 2019-01-17
Multiple command injection vulnerabilities in NeDi before 1.7Cp3 allow authenticated users to execute code on the server side via the flt parameter to Nodes-Traffic.php, the dv parameter to Devices-Graph.php, or the tit parameter to drawmap.php.