One Costly Minute Of Cybercrime

RiskIQ, the global leader in attack surface management, has released its annual “Evil Internet Minute” report . The company tapped proprietary global intelligence and third-party research to analyze the volume of malicious activity on the internet, revealing that cybercriminals cost the global economy $2.9 million every minute last year, a total of $1.5 trillion. 
 
The data shows that in a single internet minute, $2,900,000 is lost to cybercrime. Top companies pay $25 per minute due to security breaches. Additional malicious activity includes:
 
● $1,930: the cost of hacks on cryptocurrency exchanges every minute
● $17,700: lost from phishing attacks per minute
● $22,184: the projected by-the-minute cost of global ransomware events in 2019
● 8,100: identifier records compromised every minute
● 7: malicious redirectors detected each minute
● 2.4: phish traversing the internet per minute
● 0.32: blacklisted apps by-the-minute 
● 0.21: Magecart attacks detected every minute 
 
"As the scale of the internet continues to proliferate, so does the threat landscape," said Lou Manousos, CEO of RiskIQ. "By compiling the vast numbers associated with cybercrime in the past year, we made the research more accessible by framing it in the context of an 'internet minute.' We are entering our third year defining the sheer scale of attacks that take place across the internet using the latest third-party research and our own global threat intelligence so that businesses can better understand what they're up against on the open web." 
 
Tactics range from malvertising to phishing to supply chain attacks that target e-commerce, like the Magecart hacks that have increased by 20% in the last year. The motives of cybercriminals include monetary gain, large-scale reputational damage, political motivations, and espionage. 
 
“Without greater awareness and an increased effort to implement necessary security controls, there will be more attacks using an ever-expanding range of technologies and strategies,” Manousos said. “With the recent explosion of web and browser-based threats, organizations should look to what can happen in a matter of minutes and evaluate their current security strategy. Businesses must realize that they are vulnerable beyond the firewall, all the way across the open internet." 
 
RiskIQ’s Evil Internet Minute infographic can be found here
 
You Might Also Read:
 
Cyber Criminals Are Catching Up  With Nation-state Hackers:
 
30% Of Business Leaders Would Pay Ransom:
 
 
« Russia Hacked All US State Election Systems
Malware Delivery Via LinkedIn »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

LockLizard

LockLizard

Locklizard provides PDF DRM software that protects PDF documents from unauthorized access and misuse. Share and sell documents securely - prevent document leakage, sharing and piracy.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

Digital Shadows

Digital Shadows

Digital Shadows is a cyber threat intelligence company that helps clients discover sensitive data exposed through social media, cloud services and mobile devices

Brookings Institution

Brookings Institution

The Brookings Institution is a nonprofit public policy organization. Cyber security is covered within the various study areas.

Potomac Institute for Policy Studies

Potomac Institute for Policy Studies

Potomac Institute undertakes research on key science, technology, and national security issues facing society, Study areas include cybersecurity.

Auth0

Auth0

Auth0 is a cloud service that provides a set of unified APIs and tools that instantly enables single sign-on and user management for any application, API or IoT device.

Miradore

Miradore

Miradore is a software company specializing in effective, cloud-based device management. Our goal is to help IT Service Providers and IT departments secure and control devices.

EuraTechnologies

EuraTechnologies

EuraTechnologies, the French incubator and accelerator, is a centre of excellence and innovation for startups and entrepreneurs with a focus on Digital, Data, Cybersecurity and IoT.

Sylint

Sylint

Sylint is an internationally recognized cyber security and digital data forensics firm with extensive experience discretely addressing some of today’s biggest cyber breaches.

Templar Shield

Templar Shield

Templar Shield is a premier information security, risk and compliance technology professional services firm serving North America.

Moviri

Moviri

Moviri combines security technology engineering, intelligence expertise and our data science DNA to help companies manage digital risk end-to-end.

Blok Cyber Security

Blok Cyber Security

Blok provide small businesses and sole traders, with affordable, managed Cyber Security Packages that offer immediate protection and peace of mind.

comforte AG

comforte AG

comforte AG is a leading provider of data-centric security technology. Organizations worldwide rely on our tokenization and format-preserving encryption capabilities to secure personal, sensitive data

Deeper Network

Deeper Network

Deeper Network represents the world's first decentralized blockchain network for building a truly private, secure and fair Internet.

BigBear.ai

BigBear.ai

BigBear.ai delivers high-end analytics capabilities across the data and digital spectrum to deliver information superiority and decision support.

Lavabit

Lavabit

Lavabit's Dark Internet Mail Environment is a secure, open-source, secure end-to-end communications platform for asynchronous messaging across the internet.

Paubox

Paubox

Paubox offers secure, HIPAA compliant email and marketing solutions to fit the needs of modern healthcare organizations of every size.

SoftForum

SoftForum

SoftForum is a company specializing in next-generation information security solutions in the Quantum-Resistant-Cryptography (PQC) field.