The Criminality of Cybercrime – Act Now!

The Criminality of Cybercrime

The Statistics

The statistics for cybercrimes are staggering and just a quick Google search can come back with statistics and horror stories of huge data and financial losses – here are just a couple of stats we have found.

  • The Australian watchdog, the Australian Cyber Security Centre stated a cyber crime was reported on its new online portal at a rate of 1 every 10 minutes since it’s launch in July 2019, with 13,500 incidents reported.
  • The Indian Government launched its own online portal in September 2019 to combat an alarming rise in cyber crime in the country and estimates stated the website has had almost 2.5million visits in it’s first month of operation
  • In the UK, Action Fraud, the UK’s leading anti-fraud initiative run by City of London police, received 13,357 reports of cybercrime in April – September 2018, with an estimated financial loss of £34.6 million to customers.
  • The National Crime Agency believe the average age of cybercriminals is 17.

There are also examples of high-profile hacks throughout the internet again some examples:

  • In May 2019, the WannaCry ransomware program infected over 230,000 computers within 24 hours, including the entirety of the NHS. The program essentially encrypted and locked out a user’s access to all files and displayed a page asking users to pay $300 in bitcoins (a cyber cryptocurrency) as a ransom to unlock the files again. The hack cost the NHS £92 million in disruption to services and IT maintenance upgrades.
  • In 2017, US credit reference agency Equifax revealed it had been hacked with personal information including names, addresses and sensitive financial information at risk which affected over 400,000 UK customers.
  • In 2016, Yahoo! was targeted with two data breaches due to hackers where it wasn’t confirmed until the following year that all 3 billion user accounts were at risk from the breach including names, email addresses, telephone numbers, encrypted or unencrypted security questions and answers and dates of birth. The hack is believed to have been one of the largest in the history of the internet.
  • In 2014, Sony Pictures was hacked by a hacker group calling itself the Guardians of Peace – they claimed to have stolen around 100 terabytes of data from the movie studio and released it on the internet over a period of months. The data released included scripts and production details of films in development, as well as highly sensitive emails from employees throughout the business.

Indeed, cyber security is a massive issue facing companies today and many businesses are at best naïve and at worst ignorant to the true impact it can have on their business. In our next blog, find out how Nutcracker Design and Marketing can help you to keep your website protected.