Security News
Criminals are preying on a fearful public and disrupting the provision of medical care during the coronavirus pandemic by selling counterfeit products, impersonating health workers and hacking computers as many citizens do their jobs online at home, European law enforcement agency Europol said Friday. "Criminals have quickly seized the opportunities to exploit the crisis by adapting their modes of operation or developing new criminal activities," Europol Executive Director, Catherine de Bolle said in a statement.
To thwart increasingly dangerous cyber criminals, law enforcement agents are working to "Burn down their infrastructure" and take out the tools that allow them to carry out their devastating attacks, FBI Director Christopher Wray said Wednesday. Unsophisticated cyber criminals now have the power to paralyze entire hospitals, businesses and police departments, Wray said during a conference on cybersecurity at Boston College.
Over just the last three years, Chinese cyber criminals have gone from relatively solitary players to adopting the same tactics favored by organized crime syndicates in Russia and other nations with lax cyber crime laws and enforcement. "According to 2018 Internet Development Statistics, China's cybercriminal underground was worth more than US $15 billion, nearly twice the size of its information security industry. The same Chinese-language source also shows that China's cybercrime is growing at a rate of more than 30 percent a year. An estimated 400,000 people work in underground cybercriminal networks."
Though SpyCloud helped bring this particular criminal to justice, these tactics are common in targeted attacks. Targeted attacks are manual, creative, and elusive, making them one of the most difficult aspects of security and risk management.
It’s important for businesses of all sizes to not only view their suppliers’ attack surface as their own but also extend some of their security protections.
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