Cybercrimes are More Interconnected and are Likely to be More Prevalent

According to two senior representatives from the cyber-security company, Palo Alto Networks, cybercrime and online scams are anticipated to be more prevalent than in previous years.

Among various cyber threats, business e-mail compromise (BEC) and ransomware attacks continue to be on the top of the global watch list.

As per Ms. Wendi Whitmore, Palo Alto Network’s Unit 42 senior vice-president, BEC scams, targets both corporations and individuals making genuine transfer-of-funds requests. It makes BEC the most common and costly threat to organizations worldwide.

“We see (criminal) organizations where you’ve got a member in Nigeria that’s closely communicating (on the Dark Web) with someone in Eastern Europe, and maybe communicating closely with someone in Asia […] I think that as the economy continues to have more challenges, we’re going to see even more of that level of interconnectivity,” says Ms. Whitmore.

On the FBI Internet Crime Complaint Centre report 2021, BEC continues to hold the apex position, for the sixth year.

Does Dark Web Harbor Cybercrime?

Mr. Vicky Ray, a principal researcher at Unit 42 who studies data and telemetry used in such global cyberattacks, believes that the Dark Web has become a breeding ground for cybercrime.

On the Internet or the ‘Surface web,’ which is read

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents