These groups could branch out to commit extortion, business email compromise (BEC), cryptocurrency theft, and stock market manipulation—and in fact, there’s some evidence that these shifts have already begun. To continue securing their organizations against the next generation of cyber risks, security leaders should consider these 4

Phishing, ransomware and data breaches are just a few examples of current cyberthreats, while new types of cybercrime are emerging all the time. Cybercriminals are increasingly agile and organized – exploiting new technologies, tailoring their attacks and cooperating in new ways. Cybercrimes know no national borders. Cyber terrorism involves the same techniques as traditional cyberattacks. Cyber terrorists can use DDoS attacks, various forms of malware, social engineering strategies, phishing campaigns and more to reach their targets. The CRS categorizes different types of cyber terrorism and cyber warfare by purpose instead of techniques that are used.

In May, Dragos Inc., a cybersecurity firm, said in a blog post it was a target of a cyber extortion scheme against its executives. “The criminal group gained access by compromising the personal

Releasing Confidential Information. A particularly nasty method to perform cyber extortion is when extortionists threaten to release confidential customer information, such as names, credit card numbers and other credentials. Criminals' audacity goes as far as to publish confidential data on the victim's own website. The ICE saw complaints about nearly all segments of cyber crime increase to at least some degree in 2020, however. Non-payment / non-delivery scams, extortion and identity theft were among the top categories. BEC is most likely the central cyber crime concern for organizations. Watering hole attacks. 1. Phishing attacks. Phishing is the most common type of social engineering tactic and has increased more than tenfold in the past three years, according to the FBI [ * ]. Phishing attacks occur when scammers use any form of communication (usually emails) to “fish” for information.
Both methods require a great deal of work in order to create leverage on the victim. The mixed success of this type of cyber extortion has traditionally relegated it to a tertiary activity and only carried out under unique circumstances by cyber crime groups that typically did not deploy ransomware. Ransomware and Data Exfiltration Start to Blend
Cyber extortion is a type of crime that involves threatening to release or publish sensitive information or to disrupt a service unless a ransom is paid. The perpetrators of cyber extortion may use a variety of tactics to carry out their attacks, including malware, phishing, and social engineering. Rather, BEC attacks are carried out strictly by personal behaviour, which is often harder to monitor and manage, especially in large organizations. 6. Smishing / SMS-phishing. SMS-phishing, or smishing, is a social engineering attack conducted specifically through SMS messages. A cyber attack is a set of actions performed by threat actors, who try to gain unauthorized access, steal data or cause damage to computers, computer networks, or other computing systems. A cyber attack can be launched from any location. The attack can be performed by an individual or a group using one or more tactics, techniques and procedures Digital forensics and cyber investigations. The South African Cybercrimes Act 19 of 2020 requires financial services institutions and electronic communications service providers (ECSPs) to report all offences to the South African Police Services (“SAPS”) within 72 hours of becoming aware of the offence. The law empowers investigators and
Cybersquatting, typosquatting or domain squatting (also known as domain squatting) is the abusive practice of registering and using an internet domain name that is identical or similar to trademarks, service marks, personal names or company names with the bad faith intent of hijacking traffic for financial profit, delivering malware payloads or
They’re also less likely to purchase cyber insurance—only 40% of businesses have some type of cyber insurance, with large companies adopting it more frequently (58%) than small businesses (21%).
The three most common incidents in which cybercriminals make use of ransomware are cyber-theft, extortion, and sabotage of civil or military infrastructure. Cyber-theft is one of the tactics that criminals use to make money. A year ago, Equifax became the victim of what is to this day still one of the largest losses of personal data in the
The evolution of ransomware: Lessons for the future . 5 min read - Ransomware has been part of the cyber crime ecosystem since the late 1980s and remains a major threat in the cyber landscape today.

There are many different types and subtypes of cyber security threats, each with its own characteristics and potential impacts: Malware: Malware is a type of software specifically designed to harm or exploit computer systems. Several subtypes of malware attacks include viruses, worms, Trojan horses, and ransomware.

There is no universally agreed definition of cyberattack. However, in most cases a cyberattack is a deliberate entry into a computer system with malicious intent. The word cyberattack commonly describes a politically motivated attack, whether by states or non-state actors like terrorists. Cybercrime most often describes activity for purely
The most popular cyber crime per state. Just 18% of states don’t have ‘No Payment / Delivery of Goods’ as their top cyber crime type. Extortion is another popular tactic, 10% of states have this as their most vulnerable cyber crime type. Extortion involves the unlawful extraction of money or property from intimidation. 3qZ1F.