New technology has enabled cybercrime on an industrial scale

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As ransomware has grown, so has the industry promising to protect firms from it

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Even as rates of most crimes remain low in rich countries, the spectacular growth of cybercrime—crime committed mostly or entirely over the internet—stands out. According to the Crime Survey of England and Wales, the best indicator of long-term trends in Britain, in 2019 there were 3.8m incidents of fraud, most online, representing a third of all crimes committed. That figure has increased every year since 2017 when the government started collecting data. Around 7% of all adults were victims.

These days hackers focus on large organisations and demand big ransoms . Malicious software is injected into specific computer systems. It steals data before locking them. A ransom is then demanded to unlock the files or, increasingly, to prevent them being leaked . It is almost always in Bitcoin. According to Chainalysis, a cyber-security firm, the amount paid in Bitcoin ransoms increased by 311% last year, compared with 2019, to around $350m.

During the pandemic hospitals have been hit, too. France reported 27 attacks on hospitals last year, as part of a 255% increase in ransomware attacks generally. Medical treatments have been delayed in Germany and ­America because of attacks.The criminals who do it are a mixed bunch. Many seem to be based in Russia, other parts of eastern Europe, or China. In Russia and Belarus, cybercriminals thrive because the state tolerates them, as long as they only scam foreigners.

 

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Uhm, that's news? I hope there wasn't paid research.

thanks

Bullshit

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