ISACA Provides Strategies to Combat Emerging Cybercrime Threats

Extortion, dark cloud use and appliance attacks are among the top areas of increased cybercrime activity reported in 2016 and are expected to continue in the coming years, according to a new report from global business technology and information security association ISACA.

Detailed in “Cybercrime: Defending Your Enterprise,” the Internet’s increased convenience and interconnectivity is encouraging enterprises to move more operations to the digital realm, which is also providing more opportunities for cybercriminals.

Common cybercrime methodologies, such as social engineering, continue to be in use. But the adoption of new tactics is occurring as the Internet continues to evolve. The top cybercrime activities are expected to come from:

  • Extortion – Holding enterprise data for ransom
  • Dark cloud use – Leveraging cloud services for cybercrime
  • Appliance attacks – Targeting the increasing surfaces of the Internet of Things.

In addition to highlighting key areas of risk, the report lists several strategies enterprises can utilize to prevent cyberextortion, protect the cloud and stop assaults on devices connected to the Internet.

Juniper Research estimates the cost of global cybercrime will grow to an annual $2.1 trillion by 2019, exceeding other criminal endeavors, such as the drug trade. Based on the growth of online criminal activities, Ernst and Young has declared cybercrime the greatest threat to enterprise survival today.