British Businesses and Online Lenders Are the Main Target of Cybercrime in Q2

  • 15 September 2015
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By Catalin Cimpanu    15 Sep 2015
 

20% increase in global cybercrime attacks

 
A recent report from ThreatMatrix shows a 20% spike in cybercrime compared to the first quarter of 2015, with UK businesses in the sight of most of these attacks.
 
Gathering data from the ThreatMetrix Digital Identity Network, which analyzed information from more than three billion online transactions, the report summarizes attacks recorded between April and June 2015.
 
These attacks took the form of fraudulent online payments, unauthorized logins, and new account registrations, and the ThreatMatrix team recorded 75 million of this kind of attacks.
 
According to the collected data, 36 out of the 75 million recorded attacks took place in online e-commerce, rising 20% than the previous quarter.
 
ThreatMatrix estimated that these attacks could have caused damages of up to £2 billion ($3.1 billion / €2.72 billion) if allowed to be processed by the stores in question.
 
                                       http://i1-news.softpedia-static.com/images/news2/british-businesses-and-online-lenders-are-the-main-target-of-cybercrime-in-q2-491743-2.jpg
 
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I am not too sure of the total estimated losses given in these articles.
The article above gives a figure of £2 billion.
A report from the "Security Affairs" team give a figure of £2.8billion http://securityaffairs.co/wordpress/40127/cyber-crime/cybercrime-costs-uk-businesses.html
BUT an article in June put the total figure at £34billion Hacking Costs UK Businesses £34 Billion Annually
They may have been calculated differently but that is a huge difference.
 
Userlevel 7
Good article with statistics giving the range of attacks, its obvious their going after the financial company's

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