Price to Hire Cyber Experts to Attack Website

The owner and operator of an illegal gambling website in South Korea hired two cyber security experts to attack a competing gambling site. South Korea’s National Police Agency stated that the owner of the illegal gambling site paid two men $911,000 (1 Billion South Korean Won) to attack the competitor. The cyber attack consisted of… Continue reading Price to Hire Cyber Experts to Attack Website

Cost to Drain Competitors AdWords Budget

According to security reporter Brian Kerbs, hackers are selling computer programs that automatically click on competitors advertisements in order to drain their budget. The service automotates bots that commit click fraud throughout the Google Adsense network. By having bots click on the ads, a business can quickly drain their competitors ads to prevent it from… Continue reading Cost to Drain Competitors AdWords Budget

Estimated Losses to Cybercrime per Year

A report by the Center for Strategic and International Studies and computer security company McAfee reported that up to$445 Billion a year is being lost globally to cybercrime activities. Online crime, hacking and the theft of intellectual property could cause up to 200,000 jobs being lost in the United States and up to 150,000 jobs… Continue reading Estimated Losses to Cybercrime per Year

Average Sextortion Blackmail Demand Online

Interpol and cyber crime officials in the Philippines broke up an industrial-style extortion ring that as blackmailing hundreds of people around the world through online channels. According to security agencies, the 58 people who were arrested in May 2014 would contact people through social media. After establishing a relationship, the group would obtain intimate or… Continue reading Average Sextortion Blackmail Demand Online

Earnings of Chinese Hackers Targeting Online Games

In a translated account published in Tech in Asia, the operations and financial earnings of a hacking group in China that targets online games was broken down. The group targets online games in China due to its low levels of security. Due to the costs to harden its servers, game developers in China choose not… Continue reading Earnings of Chinese Hackers Targeting Online Games

Use of Online Gambling Sites to Launder Money

A threat intelligence report by McAfee has found that many cyber criminals are using online gambling sites to launder money that they have earned from ransomware and other cyber crimes. According to internet security researchers, criminals use VPNs and online currency such as Bitcoins to fund their accounts at online gambling sites. Due to the… Continue reading Use of Online Gambling Sites to Launder Money

Top ATM Skimming Countries in 2013

Criminals are using exploiting holes in wireless security to steal passwords and account details from ATM machines without the need installing skimming devices. Criminals conduct this activity by placing a “skimming” device over the card reader of a legitimate ATM and install a pin pad over the keys. When a customer would use the ATM,… Continue reading Top ATM Skimming Countries in 2013

Cybercrime Revenue in Mexico

According to security agents in Mexico, hackers, extortionists and other cyber criminals generated $3 Billion in revenue from various forms of cybercrimes in Mexico in 2013. Criminal justice programs in the country handled 23,543 cases of cybercrime in 2013. The director of the Scientific Police Division in Mexico stated that when hackers take over a… Continue reading Cybercrime Revenue in Mexico