As we continue to embrace the benefits of technology, we are beginning to fully understand the real costs associated with progress.
Cybercriminals have been extremely successful in deploying effective attacks against unsuspecting consumers and businesses.
The more we know about
cybercrime
, the better prepared we’ll be to mitigate our exposure to losses incurred because of these crimes.
What is the true cost of cybercrime?
Unfortunately, measuring the true total cost of cybercrime is difficult. Keep in mind companies are not always required to publicly report data breaches when these breaches do not affect customers or compromise employee’s personal information.
The impact of breaches that are reported are less apparent for those companies that are not publicly traded. Frankly, some companies (usually smaller ones) may not even know they have been breached.
How does cybercrime happen?
Two primary tactics are used in the exploitation of online social networks.
Sophisticated computer hackers who
