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.

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
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
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.
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...
News
FluBot Malware's Rapid Spread May Soon Hit US Phones
Kelly Sheridan, Staff Editor, Dark Reading,  4/28/2021
Slideshows
7 Modern-Day Cybersecurity Realities
Steve Zurier, Contributing Writer,  4/30/2021
Commentary
How to Secure Employees' Home Wi-Fi Networks
Bert Kashyap, CEO and Co-Founder at SecureW2,  4/28/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-31755
PUBLISHED: 2021-05-07
An issue was discovered on Tenda AC11 devices with firmware through 02.03.01.104_CN. A stack buffer overflow vulnerability in /goform/setmac allows attackers to execute arbitrary code on the system via a crafted post request.
CVE-2021-31756
PUBLISHED: 2021-05-07
An issue was discovered on Tenda AC11 devices with firmware through 02.03.01.104_CN. A stack buffer overflow vulnerability in /gofrom/setwanType allows attackers to execute arbitrary code on the system via a crafted post request. This occurs when input vector controlled by malicious attack get copie...
CVE-2021-31757
PUBLISHED: 2021-05-07
An issue was discovered on Tenda AC11 devices with firmware through 02.03.01.104_CN. A stack buffer overflow vulnerability in /goform/setVLAN allows attackers to execute arbitrary code on the system via a crafted post request.
CVE-2021-31758
PUBLISHED: 2021-05-07
An issue was discovered on Tenda AC11 devices with firmware through 02.03.01.104_CN. A stack buffer overflow vulnerability in /goform/setportList allows attackers to execute arbitrary code on the system via a crafted post request.
CVE-2021-31458
PUBLISHED: 2021-05-07
This vulnerability allows remote attackers to execute arbitrary code on affected installations of Foxit Reader 10.1.1.37576. User interaction is required to exploit this vulnerability in that the target must visit a malicious page or open a malicious file. The specific flaw exists within the handlin...