BotNet News

Your source for Online Security News

Cybercrime is the exploitation of computers and networks to commit criminal acts. It’s an enormous problem that affects people, companies, and the global economy. According to McAfee, nearly 1 percent of the world’s GDP is lost each year due to cybercrime.

It is a broad category of crimes, ranging from profit-driven actions such as ransomware attacks, data theft, and fraud to privacy and security breaches that expose personal information for sale or destruction. It also includes actions that disrupt the normal function of the Internet itself, from spam and denial-of-service attacks against websites to malicious tampering with data for political or social reasons.

While many people envision a sketchy individual in a dark hoodie camped out in a dank basement somewhere typing away furiously, the reality is that cybercriminals are highly organized and professionalized. On the dark web, they trade services that test the strength of a malware infection, business intelligence dashboards for tracking malware deployment, and even tech support (crooks can call a hotline and get advice on resolving a hacking server).

As cyberattacks become more sophisticated and pervasive, they are forcing companies to rethink how they manage their information. They must also contend with legal costs and reputational damage. And as more and more “smart” appliances, cars, and buildings come online, they open new vulnerabilities and attack vectors for hackers.

Cybercriminals operate globally, a fact that complicates efforts to prosecute them. Amid this chaos, legislators are scrambling to pass laws and police departments are forming dedicated units to combat the problem. But they are often overtaxed by the fast pace of technological innovation, and struggle to match the resources, manpower, training, and technical knowledge of the criminals they are trying to catch.