The headline is startling: Cybercrime costs the world more than $1 trillion, a 50% increase from 2018. From our experience in the trenches, this feels about right. Attackers are using more complex methods for spreading their malware, and the payloads keep getting more sophisticated – better at evading detection and more effective at delivering their malicious payload.
Between July of 2018 and June 2020, the retail, hospitality and travel industries were hit with 63 billion credential-stuffing attacks. Credential stuffing is a cyber attack method in which attackers use lists of compromised user credentials to breach into a system.
There is no threat greater than a nation-state hacking team, as they are highly skilled, fully equipped with the latest attack methodologies, have unlimited resources, can launch attacks in large scale and are almost untouchable by law enforcement. North Korea has been a major player in this space for years, adding billions to their economy through cyber attacks.
There is no threat greater then a nation-state hacking team, as they are highly skilled, fully equipped with the latest attack methodologies, have unlimited resources, can launch attacks in large scale and are almost untouchable by law enforcement.
Email continues to be the largest attack vector, according to a recent study from Mimecast. Most organizations realize this but lack additional controls and fail to properly educate their users on how to identify attack methods such as phishing, malicious attachments and Business Email Compromise.
