Why Cybercrime is increased ? Due to Low Cost I feel
Why Cybercrime is increased ? Due to Low Cost I feel You can buy ransomware for as little as $66 , or hire a threat actor for $250. And if you look hard enough, you can even get a phishing kit for free on underground forums. Although these illicit methods may not be expensive, the damage they inflict can be substantial. Phishing has become more popular than ever. Bhagwat Karad, the minister of state for finance reported to Indian parliament, that more than 50,000 (50,242) cases of cyber frauds, banking frauds using internet banking, ATM-Debit and Credit Cards were registered in the first nine months of the current fiscal year, citing RBI data (April-December 2021 period). During the nine-month period, the victims of these frauds lost a total of nearly Rs 167 crore. According to the FBI’s Internet Crime Complaint Center, the number of phishing complaints more than doubled in 2020 to 241,342 cases compared to the prior year. From there, attacks doubled again as ph...