Summary of Where Is Cybercrime Really Coming From?

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Where Is Cybercrime Really Coming From? summary
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Rating

8

Qualities

  • Innovative
  • Eye Opening

Recommendation

Medics curtail pandemics through highly collaborative efforts to share information about who contracted the disease and how it is spreading. According to cybercrime fighter Caleb Barlow, society can thwart cybercrime in a similar way. The only way to stop these anonymous criminals from raking in billions of dollars every year is to share intelligence data and “change the economics for the bad guys.” getAbstract recommends Barlow’s thoughtful analysis to cybersecurity analysts and individuals who want to protect themselves from cyberattacks.

About the Speaker

Caleb Barlow is a vice president at IBM Security and a security adviser to governments and corporations.

 

Summary

Cyberthieves stole more than two billion records in 2016 and more than 100 million people’s medical insurance data in 2015. Alarmingly, the hacked companies didn’t report the thefts for months. The media often characterize cybercrime as espionage by nation-states, but the majority of culprits are highly organized, technologically advanced criminal organizations that rake in more than $445 billion annually. One such form of attack is a banking Trojan called Dyre Wolf, which hacks computers when users unwittingly click on links in phishing emails. The Trojan lurks in systems until users log into their bank accounts...


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