You can predict how cyber attacks can be harmful from this report. In the year 2018, around 20 million cyber-attacks are estimated worldwide, and this has caused a loss of $ 45 billion. At the top is the Ransomware.
Online Trust Alliance (OTA) of the Internet Society has released Cyber Incident and Breach Trend Reports. According to this report, ransomware attacks are continuously the favorites of criminals. Not so much has been said that 60% of ransomware has been made financially. Business emails are much more affected, cryptogging has more than triple.
The OTA report states that cyber-attacks such as supply chain attack, business email compromise have been high and the increase has been recorded. They also have ransomware attacks.
According to the Internet Society Online Trust Alliance, losses of Ransomware have caused a loss of 8 billion dollars last year due to the Attacks. In this kind of cyber attack, stealing data from users, they were asked for a huge amount of ransom. To block the data and block its access, Cyber Criminals has caused a loss to people by demanding a ransom. Not so much has been estimated that by 2021 Ransomware Attacks can cause a loss of $ 20 billion.
Cyber Security firm Trend Micro has detected more than 10 million Cryptojacking attacks last year. It is based on cybercrime cryptocurrency. You can also call it crypto mining. Under this, criminals break into websites and servers for cryptocurrency mining and mining cryptocurrency, which have bitcoin-like cryptocurrency.
From this term, you will definitely be familiar. This method is easy and even effective for cybercriminals. Frauding through it has caused a loss of about 1.3 billion. This kind of fraud includes email hacking. Users are tempted to send fake links and after getting into a hoax, hackers can easily hacking large amounts through phishing. Usually, this kind of hacking is done through attachments.
In this report of OTA, there is also about Business email Compromise. I.e. Cyber Criminals have also lent hundreds of millions of people through the BEC (Business Email Compromise). A huge increase has been reported in such attacks last year. Generally speaking, cybercriminals in this kind of attack target company or its implication. Under this, they pretend to be the vendors of any other firm and collect funds from the companies.
The BEC attack was also called Man in the Email Scam. Typically, some tricks are used in such cyber attacks and wire transfers are made to the company’s CEO or senior officials. For this, cyber criminals conduct long-term research on target companies and monitor their transactions. As soon as they get the opportunity, they can transfer funds to themselves by showing themselves as vendors.
In this report, it has been said that besides all these, billions of rupees have been damaged through cyberattacks such as Disceptive emails, Attacks by Third Party, Cloud and Crandial Stuffing. The report released by the Internet Society OTA also states that most of these cyber attacks were such that there could be some cautionary avoidance.