Cybercrime

Cybercriminals are believed to have stolen information for more than five million credit and debit cards that shoppers had used at dozens of Saks Fifth Avenue, Saks Off 5th and Lord & Taylor stores mainly in the United States between May 2017 and March 2018.

"Hacker-for-hire" service launched distributed denial-of-service (DDoS) attacks against websites and phone-bombed its victims.

ATM jackpot gang is thought to have infiltrated over 100 financial firms in 40 countries costing banks more than one billion dollars.

Since being founded in 2003, the Italian spyware vendor Hacking Team gained notoriety for selling surveillance tools to governments and their agencies across the world. The capabilities of its flagship product, the Remote Control System (RCS), include extracting files from a targeted device, intercepting emails and instant messaging, as well as remotely activating a device’s webcam and microphone.

The SEC has warned public companies that they not only need to do more to fulfil their obligations to transparency and openness with investors about cybersecurity breaches, but they also must disclose other infosecurity risks.

Bots that traverse the internet on behalf of their human operators can fulfill both legitimate and malicious automated tasks. Statistics indicate that bot-driven internet traffic, by helper and harmful bots combined, surpasses human traffic.

A further breakdown of the overall figures shows that, in all, the actual cost hinges on a number of variables. The factors that enter heavily into the equation include attack types and their frequency, along with the organization’s size and even the country in which an organization is based.

This hack is said to be reminiscent of a particularly brazen bank cyber-heist from February 2016, in which hackers successfully pilfered $81 million from the account of the central bank of Bangladesh at the Federal Reserve Bank of New York.

According to US authorities, the enterprise aimed at becoming the premier destination for the buying and selling of stolen payment card data and forged identification documents. It is believed that the losses that the Infraud Organization had intended to cause were north of $2.2 billion.