article thumbnail

2023 FBI Internet Crime Report reported cybercrime losses reached $12.5 billion in 2023

Security Affairs

The FBI Internet Crime Complaint Center (IC3) 2023 report states that reported cybercrime losses reached $12.5 The 2023 Internet Crime Report published the FBI’s Internet Crime Complaint Center (IC3) reveals that reported cybercrime losses reached $12.5 billion in 2023. billion in 2023.

article thumbnail

Ransomware Is Getting Ugly

Schneier on Security

Modern ransomware has two dimensions: pay to get your data back, and pay not to have your data dumped on the Internet. The Colonial Pipeline is another current high-profile ransomware victim. The negotiations don’t seem to be doing well. The criminals want $4M. The DC police offered them $100,000. Solving this is not easy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wanted: Disgruntled Employees to Deploy Ransomware

Krebs on Security

Criminal hackers will try almost anything to get inside a profitable enterprise and secure a million-dollar payday from a ransomware infection. ” This attacker’s approach may seem fairly amateur, but it would be a mistake to dismiss the threat from West African cybercriminals dabbling in ransomware. billion in 2020.

article thumbnail

$12.5 billion lost to cybercrime, amid tidal wave of crypto investment fraud

Graham Cluley

If you have been optimistically daydreaming that losses attributed to cybercrime might have reduced in the last year, it's time to wake up. The FBI's latest annual Internet Crime Complaint Center (IC3) report has just been published, and makes for some grim reading. Read more in my article on the Tripwire State of Security blog.

article thumbnail

Moldovan citizen sentenced in connection with the E-Root cybercrime marketplace case

Security Affairs

US DoJ sentenced a Moldovan national (31) to 42 months in federal prison for operating the E-Root cybercrime marketplace. Diaconu was operating the E-Root cybercrime marketplace. Buyers could search for credentials by desired criteria, such as price, geographic location, internet service provider, and operating system.”

article thumbnail

How Does One Get Hired by a Top Cybercrime Gang?

Krebs on Security

Department of Justice (DOJ) last week announced the arrest of a 55-year-old Latvian woman who’s alleged to have worked as a programmer for Trickbot , a malware-as-a-service platform responsible for infecting millions of computers and seeding many of those systems with ransomware. Alla Witte’s personal website — allawitte[.]nl

article thumbnail

FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

The FBI's Internet Crime Complaint Center (IC3) has released its 2022 Internet Crime Report , which reveals the trends and impacts of cybercrime in the United States. The report is based on 800,944 complaints of suspected internet crime reported to the FBI last year, with losses exceeding $10.3