The world paid $ 45bn to the Cyber Attacks of 2018
$ 45bn is the estimated
loss to the cyber attacks of 2018
A study shows that the
Cyber Attacks in 2018 earned around $ 45bn – a huge loss for the governments.
This result has been surveyed this year after the consecutive failed attempts
by the native governments worldwide to stop the malicious activities such as ransomware,
browser hijacking etc. from harming the computers.
The reports also put
some light on the fact that the cyber criminals have become more vigilant and
choose their victims in a sophisticating manner. Many attacks could have been
avoided from penetrating the systems if the cyber security would have been
improved a bit.
Other prominent losses
were due to multiple fraudulent business emails’ take-over along with
‘cryptojacking’ and network hijacking to generate BTC or other digital
currencies – claims The Internet Society’s Online Trust Alliance according to
the data compiled from United States and other international reports.
The security analysts
around the world claim to have found more than 6500 multiple computer
take-overs and exposed around five billion records in the calendar year of
2018. As many attacks among these were not reported, the reports’ conclusions
are not certain – says the Alliance director, Jeff Wilbur.
He further said,” The
financial Impact on cybercrime is up significantly and cyber criminals are
becoming more skilled at profiting from their attacks.”
The results claim that
only ransomware generated revenue of around $ 8 billion for the developers. Of
these attacks, some were the eminent incidents that targeted Atlanta, Baltimore
and Georgia along with Maryland. These attacks compelled governments to update
their security systems.
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