Tag: cybercriminal

A major cyberattack could cost the global economy $53 billion

July 18, 2017

Lloyd’s of London has reported that a serious cyberattack could cost the global economy as much as a devastating natural disaster. According to the Guardian, average losses from a crippling cyberattack are estimated to be around $53 billion. However, insurers are unable to give a specific estimate, due to the complexity of cyberattacks and the lack of historical data available. … More A major cyberattack could cost the global economy $53 billion

Holidaymakers warned against increased threat from online fraudsters

May 11, 2017

The number of holidaymakers being targeted by cybercriminals has risen by nearly 20% compared to last year, with online fraudsters stealing some £7.2 million from nearly 6,000 unsuspecting travellers over the last 12 months. That is the alarming main finding from a new report by the London Police’s National Fraud Intelligence Bureau, which found that … More Holidaymakers warned against increased threat from online fraudsters

What motivates some young people to become cybercriminals?

May 4, 2017

We know that cybercriminals are almost always seeking financial gain, but it seems that this is not usually what young cybercriminals have in mind when they take their first steps over to the “dark side”. For example, an interesting report by the UK’s National Crime Agency (NCA) found that many are not necessarily motivated by financial reward. … More What motivates some young people to become cybercriminals?

Young cybercriminals ‘more motivated by peer respect than financial gain’

April 25, 2017

An increasing number of young cybercriminals are motivated by a sense of notoriety and popularity with their peers rather than financial gain. That is the main finding from a new report published by the UK government’s National Crime Agency (NCA), which found that many young offenders are turning to cybercrime as a way of chasing … More Young cybercriminals ‘more motivated by peer respect than financial gain’