Sophisticated attacks’ yielding 50% more revenue for cyber criminals: Study

cyber criminal

The number of people who fall victim to cyber crime has decreased although there has been a 50 percent increase in the average cost per victim, according to a recent study.

The study, called the Norton Report, was commissioned by computer security corporation Symantec, which examines consumer online behaviour, security habits, and the dangers and financial cost of cyber crime.

The study said that today’s cyber criminals use more sophisticated attacks like ransomware and spear-phishing, that yield them more money per attack than ever before, adding that nearly half of all smartphone users took their phones with when they went to bed, but did not protect them.

According to News24, the study found that 49 percent of consumers use their personal mobile devices for both work and play, which created new security risks for enterprises, as cyber criminals had the potential to access even more valuable information.

According to the study, forty-eight percent of smartphone and tablet users did not take basic precautions such as using passwords, having security software, or backing up files from their mobile devices, which placed people and their digital identities at risk.


About Gregory D Evans

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