Posts Tagged ‘cybercriminals’

Cybercrime Will Increase in 2018

Posted on December 05, 2017 by Laura Lam

If you think 2017 was a bad year for cyberattacks, just wait to see what happens in the coming years, one cybersecurity expert warns. “We’ve only seen the beginning,” said Dr. Eric Cole, CEO of Secure Anchor and former CTO of McAfee and Lockheed Martin.  “Cybercrime is big business, it’s a very high-payoff, low-risk crime … we’ve seen nothing yet.” In 2016, U.S. financial losses stemming from cyberattacks totaled $1.33 billion, a 24% increase over the year prior, according to an FBI report. An Accenture study concluded that the number of hacks likely increased by more than 27% between 2016…

Online Shoppers at Risk for Identity Theft

Posted on March 03, 2017 by Laura Lam

Fraud reached record highs last year, and online shoppers took the biggest hit. According to a recent report released by Javelin Strategy & Research, in 2016 fraud increased a staggering 40% for identity card-not-present (CNP) transactions. With Americans now making 51% of purchases online, that increase in online identity theft is especially concerning. EMV chip cards have helped.  Chip cards are more secure than magnetic stripe cards during in-person transactions. Chip cards have eliminated the ability for criminals to counterfeit cards and use them in person at brick and mortar retailers, because the chips and new card readers work together to create…