The old image of a lone, hoodie-clad hacker eating Doritos and typing furiously on a laptop in his mother’s basement is a thing of the past
. Hackers now work in offices with org charts, salaries and summer vacation. They are professionals and, in some cases, sponsored by hostile governments.
Do these numbers even capture the full extent of the damage cybercrime has inflicted? No. According to the Canadian Anti-Fraud Centre, the increase in financial loss is not because of an increase in reporting. They estimate that only between 5 and 10 per cent of victims come to authorities when they’ve been hit.
This is the first thing that needs to change: corporations and institutions hit by cybercriminals need to come forward to authorities. It’s not good enough to sweep incidents under the rug and only report in the case of major failures that can’t be hidden, such as the attack in February that crippled bookseller
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