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From the Cybersecurity News Desk

The Evolution of Cybercrime Underground Requires Stronger Approach for Protection

Highlights of key findings from Cybersixgill’s annual report on the state of the cybercrime underground show a decline in credit card fraud incidents is attributed to improvements in authentication, real-time fraud detection, and e-commerce security measures. The use of cryptocurrency by cybercriminals is also discussed, noting its popularity for illicit activities and the rise in crypto account takeover attacks.

The democratization of AI is another concern, as cybercriminals leverage tools like ChatGPT to streamline their attacks and lower the barrier of entry for less sophisticated criminals. Additionally,  the commercialization of cybercrime through “as-a-service” offerings, mainly focusing on the growth of Ransomware-as-a-Service (RaaS).

The digital age continues to present evolving cyber threats and the ability to identify and mitigate risks efficiently becomes crucial for resource-constrained security teams. By leveraging a combined ASM and CTI approach, organizations can enhance their defense against cybercriminals and proactively protect their assets.

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