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.
Russia Hacked Clinton's Computers Five Hours After Trump's Call
Robert Lemos, Technology Journalist/Data Researcher,  4/19/2019
Why We Need a 'Cleaner Internet'
Darren Anstee, Chief Technology Officer at Arbor Networks,  4/19/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
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
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-18643
PUBLISHED: 2019-04-25
GitLab CE & EE 11.2 and later and before 11.5.0-rc12, 11.4.6, and 11.3.10 have Persistent XSS.
CVE-2018-19359
PUBLISHED: 2019-04-25
GitLab Community and Enterprise Edition 8.9 and later and before 11.5.0-rc12, 11.4.6, and 11.3.10 has Incorrect Access Control.
CVE-2019-11488
PUBLISHED: 2019-04-25
Incorrect Access Control in the Account Access / Password Reset Link in SimplyBook.me Enterprise before 2019-04-23 allows Unauthorized Attackers to READ/WRITE Customer or Administrator data via a persistent HTTP GET Request Hash Link Replay, as demonstrated by a login-link from the browser history.
CVE-2019-11489
PUBLISHED: 2019-04-25
Incorrect Access Control in the Administrative Management Interface in SimplyBook.me Enterprise before 2019-04-23 allows Authenticated Low-Priv Users to Elevate Privileges to Full Admin Rights via a crafted HTTP PUT Request, as demonstrated by modified JSON data to a /v2/rest/ URI.
CVE-2019-3720
PUBLISHED: 2019-04-25
Dell EMC Open Manage System Administrator (OMSA) versions prior to 9.3.0 contain a Directory Traversal Vulnerability. A remote authenticated malicious user with admin privileges could potentially exploit this vulnerability to gain unauthorized access to the file system by exploiting insufficient san...