Financial Losses in South Africa From Phishing Attacks

According to the South African Anti-Phishing service, a total of 1,942 phishing attacks were recorded in the country in the first half of 2012. The financial losses that resulted from the cyber crimes amounted to $7.2 Million (71 Million South African Rand). A Symantec Intelligence Report in June 2012 found that one in 171 emails… Continue reading Financial Losses in South Africa From Phishing Attacks

Cost to Learn How to Hack Online

According to a cyber security intelligence expert, criminal hackers are offering online courses that allows aspiring cyber criminals to learn how to hack and conduct cyber crime operations on the Internet. The courses offer lessons on hacking fundamentals such as online credit and debit card fraud, staying anonymous online, and how to evade law enforcement.… Continue reading Cost to Learn How to Hack Online

Botnet Traffic Losses in Online Advertising

A report by an online advertising and Internet security firm stated that up to $9.5 Billion in online advertising in 2013 could be wasted by displaying ads to bot traffic. Up to 46 percent of Web-based ad impressions in 2013 could be displayed to suspicious and malicious traffic that is controlled by botnets. 35 percent… Continue reading Botnet Traffic Losses in Online Advertising

Earnings for a Russian Cyber Crime Gang Selling Spam

Cyber security researchers estimate that organized criminal gangs in Russia make up to $60 Million a year from selling spam. The spammers control computers infected with a virus that allows the spambot to send out emails selling Viagra or any type other type of product. Most of the infected computers are located in Brazil, India,… Continue reading Earnings for a Russian Cyber Crime Gang Selling Spam

Money Earned by Marketers who Spam Facebook

Internet security researchers in Italy reported that marketers who spam Facebook can make $200 Million per year. The spammers posts links on fake fan pages that takes the user to third-party sites where the website owners earn money on ad impressions, affiliate links and ad clicks. Around 9 percent of the websites uses ads provided… Continue reading Money Earned by Marketers who Spam Facebook

Cost to Buy Stolen Identity Online

According to intelligence conducted by security researchers, stolen identity that includes a person’s social security number, credit card number, expiration date and mother’s maiden name is sold for $4 to $5 per person. To buy a pack of 1,000 credit card numbers is reportedly just $6. Whether these credit card numbers are still active or… Continue reading Cost to Buy Stolen Identity Online

Price to Buy Fake Yahoo, Hotmail and Google Email Address

According to a report by computer security researcher Brian Krebs, the price to purchase 1,000 registered Yahoo email address is $10, or 10 cents per account. The price to buy 1,000 Hotmail email accounts is $12, and the price to buy 1,000 Gmail accounts is $200, or $5 per account. The reason that Gmail address… Continue reading Price to Buy Fake Yahoo, Hotmail and Google Email Address

Earnings for Criminal Gangs from Ransomware

Computer security company Symantec reported that criminal gangs are making up to $5 Million a year by placing ransomware on computers. Ransomware viruses freezes an infected computer and places fake warnings from the FBI. The fake message tells the computer user to pay a fine or face arrest. These scams were originally focused in Eastern… Continue reading Earnings for Criminal Gangs from Ransomware

Fraud and Online Theft Gangs in Europe

An estimated 1,300 criminal organized crime gangs that operate across Europe focus on fraud and online theft. A quarter of the gangs are based in Eastern Europe and Russia and use the internet as their main tool of conduct their criminal activities. (Prices of cyber crimes and online fraud by hackers.) Source:  “UK ‘losing fight’… Continue reading Fraud and Online Theft Gangs in Europe

Global Losses to Cybercrime

According to a report published by computer security firm McAfee and the Center for Strategic and International Studies, the global economy faces losses between $100 Billion to $500 Billion each year due to cybercrime. In the United States, the losses are estimated to $100 Billion. Based on those figures, cybercrime may cause up to 508,000… Continue reading Global Losses to Cybercrime