Internet crime costs global economy £2.3m a minute
The cost of internet-based cybercrime cost the global economy a total of £1.2tn in the past year, more than double the cost in 2017, according to the latest annual Evil Internet Minute report by cybersecurity firm RiskIQ.
The report is based on an analysis of malicious activity on the internet using proprietary global intelligence and third-party research.
The analysis also reveals that every minute, top companies pay £20 because of security breaches, hacks on cryptocurrency exchanges cost £1,550, and phishing attacks cost £14,200.
Every minute, 2.4 phishing sites went live and seven malicious redirectors, 0.32 blacklisted apps, and 0.21 Magecart attacks were detected.
Looking ahead, the report predicts that ransomware will cost the global economy £17,817 a minute in 2019.
The report coincides with another by security firm SonicWall that shows ransomware was up 15% in the first half of the year, with the UK worst-hit with a 195% increase compared with the same period a year ago.
“As the scale of the internet continues to proliferate, so does the threat landscape,” said Lou Manousos, CEO of RiskIQ.
“By compiling the vast numbers associated with cybercrime in the past year, we made the research more accessible by framing it in the context of an ‘internet minute’.
“We are entering our third year defining the sheer scale of attacks that take place across the internet using the latest third-party research and our own global threat intelligence so that businesses can better understand what they are up against on the open web.”
The report shows that popular cybercriminal tactics include malvertising, phishing and supply chain attacks that target e-commerce, such as the Magecart hacks that have increased by 20% in the past year.
The motives of cybercriminals include monetary gain, large-scale reputational damage, political motivations and espionage.
“Without greater awareness and an increased effort to implement necessary security controls, there will be more attacks using an ever-expanding range of technologies and strategies,” said Manousos.
“With the recent explosion of web and browser-based threats, organisations should look to what can happen in a matter of minutes and evaluate their current security strategy. Businesses must realise that they are vulnerable beyond the firewall, all the way across the open internet.”
Industry: Cyber Security
- ForgeRock Consultant
- Upto €85000 plus benefits
ForgeRock deployment consultant is needed for this expanding IT Services business within Spain, to act as their ForgeRock technical lead, Responsibilities include: High level and low level design, Scoping the techical needs of the project design, configure, develop and test the forgeRock deployment. We are looking for a strong IAM consultant ideally with ForgeRock experience, Must have strong Oauth 2.0, SAML and API experience
- IAM Consultant
- Upto €85000 plus benefits
An Identity & Access Management Consultant is needed for an expanding IT Security consultancy, based in France. (Remote role with monthly office meet-ups) The Identity & Access Management Consultant will be responsible for the technical design and implementation of Identity & Access Management/IAM products for a wide variety of clients. Deliver bespoke end-to-end consultancy service to our clients, from gathering requirements through to implementation. Work in a close team designing, developing, and implementing first-class IAM solutions. Manage client relationships, working closely with key stakeholders to continually evaluate business requirements and ensure the highest quality solution delivery. If you are interested we are looking for an individual with Previous experience working within the IAM or CIAM field is essential, Strong knowledge with SAML and Oauth and ideally OpenID Previous experience from any of these technologies: One Identity, SailPoint, Saviynt, Ubisecure, Ping Identity, would be advantageous
- Ping Identity Support Consultant- IAM Support
- upto €60,000 plus benefits
As the Ping Support specialist, you would be part of a team focused on Single Sign On (SSO) / Federation and Multifactor authentication, protecting our clients from unauthorized access and cyberattacks. The position is to provide 2nd/ 3rd line support, for the following tech. SSO, Federation, Reverse Proxy infrastructure, Apache servers, and its associated components and applications To be responsible for the day to day operational support, performance, tactical lifecycle management, and continuous improvement of the respective IT infrastructure. We are looking for someone with strong SAML and OAuth Knowledge as well as experience supporting the Ping portfolio of solutions Identity, Access, Federate
- IAM Architect Ping Identity, Access Federate
- Up to €110,000 plus benefits
An experienced Ping Identity Architect is needed for this global brand who are looking for someone who wants to join a growing Cyber Security team. We are looking for a senior Architect who can be responsible for the full IAM portfolio, including overseeing all BAU work as well as being responsible for the future strategy and development of the IAM portfolio further development and strategy You will be responsible for ensuring all architectures and best practices within the architecture framework are maintained and developed We are looking for someone with a strong Ping background, in Ping identity, federate, and Access, you will have worked as a senior consultant or architect in previous roles and ideally have some team-leading experience You will have good knowledge of architectural principles and patterns and their implementation into system and software design Experience in handling container technologies, cloud technologies, CI/CD (DevOps) and LDAP