Fraud & PrivacyJul, 2020
The risk of fraud while working from home still looms, but as workers gradually return to workplaces the chance of fraud still remains. Our Fraud & Privacy special report, published in The Times, examines how cybercriminals continue to thrive in the uncertainty of a global pandemic, how invoice emails are the latest vehicle for fraudsters, and the cost of giving in to hackers. It looks at the debate around ethical surveillance and how activists are finding ways around facial recognition software. It explores what counterfeit fashion is costing brands in reputation and revenue, and new technology that might be an answer. Also featured is an infographic on the Dark Web and how it has become a lucrative marketplace for so many.
The Dark Web is used for a whole host of nefarious and illicit activity, especially when it comes to purchasing stolen data or procuring the services of professional hackers. Analysis from Trend Micro shows that $1.5 trillion is generated from cybercrime serivces offered on Dark Web marketplaces each year, and according to Symantec, details of just ten credit cards stolen from compromised websites could result in a yield of up to $2.2 million for cybercriminals each month. So it's easy to see how this has become a lucrative market for so many.