R
RiskIQ, a global leader in attack surface
management, has released its annual
Evil Internet Minute report.
The company tapped proprietary global
intelligence and third-party research
to analyse the volume of malicious
activity on the Internet, revealing that
cybercriminals cost the global economy
£2.3 million every minute last year, a
total of £1.2 trillion.
The data shows that in a single Internet
minute, £2,300,000 is lost to cybercrime.
Top companies pay £20 per minute
due to security breaches. Additional
malicious activity includes:
• £1,550: the cost of hacks on
cryptocurrency exchanges
every minute
• £14,200: lost from phishing attacks
per minute
• £17,817: the projected by-the-
minute cost of global ransomware
events in 2019
www.intelligentciso.com
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Issue 17
infographic
• £8,100: identifier records
compromised every minute
• 7: malicious redirectors detected
each minute
• 2.4 phishing sites stood up
per minute
• 0.32: blacklisted apps by-the-minute
• 0.21: Magecart attacks detected
every minute
“As the scale of the Internet continues
to proliferate, so does the threat
landscape,” said Lou Manousos, CEO
of RiskIQ.
“By compiling the vast numbers
associated with cybercrime in the
past year, we made the research more
accessible by framing it in the context of
an ‘Internet minute’.
“We are entering our third year defining
the sheer scale of attacks that take
place across the Internet using the latest
third-party research and our own global
threat intelligence so that businesses
can better understand what they’re up
against on the open web.”
Tactics range from malvertising to
phishing to supply chain attacks
that target e-commerce, like the
Magecart hacks that have increased
by 20% in the last year. The motives
of cybercriminals include monetary
gain, large-scale reputational damage,
political motivations and espionage.
“Without greater awareness and an
increased effort to implement
necessary security controls, there will
be more attacks using an ever-
expanding range of technologies
and strategies,” Manousos said. “With
the recent explosion of web and
browser-based threats, organisations
should look to what can happen in a
matter of minutes and evaluate their
current security strategy. Businesses
must realise that they are vulnerable
beyond the firewall, all the way across
the open Internet.” u
As the scale of the
Internet continues
to proliferate, so
does the threat
landscape.
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