Research from threat intelligence firm RiskIQ disclosed the growing volume of malicious activities on the internet. In its report “Evil Internet Minute,” RiskIQ revealed that cyberattacks cost organizations $24.7, with a year-on-year increase of more than $2 every minute. The research also estimated that it will have a per-minute global cost of $11.4 million by 2021, a 100% increase over 2015. Cybercriminals are using sophisticated attack techniques by leveraging the ongoing pandemic, accounting for a 30% increase in Magecart attacks since the outbreak began.
- 1.5 cyberattacks on computers with an internet connection per minute
- 16,172 records compromised per minute
- 1 vulnerability disclosed every 24 minutes
- Organizations face 375 new cyberthreats per minute
- 5.5 domain infringements detected per minute
- 1 Magecart attack every 16 minutes
- 1 COVID-19 blacklisted domain every 15 minutes
- 35 COVID-19 spam emails analyzed per minute
According to the research, attackers are using a variety of hacking techniques such as phishing, domain infringement, and supply chain attacks for monetary gain and cause large-scale reputational damage, political motivations, and espionage.
RiskIQ CEO Lou Manousos, said, “The sheer scale of today’s threat activity is driven by a variety of factors, including that cybercrime is easier than ever to participate in, and better threat technology makes cybercriminals more effective and wealthier than in the past. The OSINT and RiskIQ threat intelligence in the ‘Evil Internet Minute’ paint a vivid picture of the cybercrime RiskIQ and our industry colleagues are tackling in 2020.”
“These stats show threat activity is widespread, but also show the power of threat intelligence in defending the enterprise. More knowledge, greater awareness, and an increased effort to implement necessary security controls make a huge difference in stopping these threat actors in their tracks,” Manousos added.