Cybercrime Revenue Estimated To Be $1.5 Trillion

To examine the dynamics of cybercrime and its economic monetary performance, Bromium has conducted a research into the cyberspace, revealing an annual revenue as high as $1.5 trillion. The study called “into the web of profit” focused on revenue flow and profit distribution. The CEO…

Gun Collector Arrested for Buying Pistols on the Darknet

A joint press release from the Central Office of Cybercrime in Bavaria and the Customs Investigation Office in Frankfurt revealed that German authorities caught a 54-year-old who had been buying firearms from vendors on the darknet. The operation that led to the man’s arrest was…

Pedophile Caught After Leaving His Face in Videos

The Federal Criminal Police Office (BKA) in Wiesbaden and the Central Office for the Suppression of Cybercrime (GDR) in Giessen aired the picture of a pedophile who had shown his face in videos uploaded to darknet child abuse forums. The two police forces jointly issued…

Hacker Arrested for Selling Stolen Data on the Darknet

A press release from the Bavarian Central Office of Cybercrime revealed that an extensive investigation led to the arrest of a talented 24-year-old hacker who sold hundreds of thousands of stolen usernames, passwords, and credit card numbers on the darknet. Authorities found and arrested the…

SAPVoice: You Need A Hacker’s Mindset To Fight Cybercrime’s $6 Trillion Price Tag

For eye-popping business stats, look no further than cybersecurity. CSO predicted cybercrime damage costs will total $6 trillion, and cybersecurity spending will exceed $1 trillion by 2021. It’s not just that companies must be hyper-vigilant in a hyper-connected world where innovations like IoT, AI and…

The Youth and Cybercrime – the New Generation of ‘Cyber Criminals’

Cybercrime is commonly understood to include a broad range of criminal activities that use computers, digital devices, and the Internet. Despite almost 40 years of incidents, cybercrime still does not have a universally accepted definition in literature. Most authors classify cybercrimes based on the role…

Two Men Jailed For Role in Cloned Credit Card Fraud

Credit Card cloning has been in the cybercrime world for quite some time now and even though efforts have been made to try and stop this act, such as alerts whenever an authorized charge appears on your card, cybercriminals have diverted their attention to devising…

Us alleges North Korea behind WannaCry cyber attack

WASHINGTON, U.S. – One of the most destabilizing new-age cybercrime, that affected critical infrastructures across over 150 countries in the world – the WannaCry cyber attack has now been blamed on North Korea by the U.S. On Tuesday, the Trump administration went on a media…