Their purpose goes deeper and is murkier than one could expect.īoth are alleged members of a group of hackers of the North Korean Government's Reconnaissance General Bureau. These are no perpetrators working with the simple agenda of looting funds. Both were allegedly state-sponsored hackers who were part of an alleged criminal conspiracy that resulted in some of the costliest computer intrusions in history. Both Jon Chang Hyok and Kim Il are charged with conspiracy to commit wire and bank fraud and computer-related fraud. The Federal Bureau of Investigation's site mentions two North Korean individuals in its Most Wanted list. The Curious Case of Jon Chang Hyok and Kim Il Here, we will discuss a typical case of such repute, which alleges state complicity in perpetrating cybercrime. But it is not uncommon to use cybercrime for political purposes and look beyond monetary gains. And you would be taken aback for sure if we, at this point, raise the case of government-sanctioned cybercrime. However, crime is something that we do not generally associate with government-backed agencies. Attackers or hackers are spread globally and are equipped to attack any system or network from any remote location. Undoubtedly, cybercrime is something that comes with grave and severe consequences. In fact, the insurance company Hiscox's data shows that affected companies may go out of business within six months of the attack. Types of cybercrime may also include theft of financial data, card or payment data, cyber-extortion, cyber-espionage, copyright infringement, illegal gambling, ransomware attack, and more.Īccording to data presented by the globally revered cyber security company Kaspersky, a single attack, which could be a data breach, malware, ransomware, or DDoS attack, can cost a company, irrespective of its size, an average of US$200,000. A distributed DoS attack often inflicted upon IoT devices, brings down a particular system or network. It can be a malware attack, where the attacker infects a system with a virus.Ī phishing campaign uses spam emails, messages, or other forms of communication to trick the recipient into compromising data privacy. It can be any sort of malicious activity that targets a computer, a computer network, or a networked device. Yes, you read that right! What is Cybercrime?Ĭybercrime is an umbrella term that encompasses a whole lot of schemes and efforts to disturb, damage, and cause harm to networks and systems. A growth of more than 300% in a decade is something that we all need to worry about. And if the number already appears frightening, it is expected to hit US$10.5 trillion by 2025. Estimates suggest that the combined harm cybercrime could inflict on systems worldwide was as high as US$6 trillion in 2021. At Lazarus Systems, we carefully evaluate your business needs and deliver customized solutions.Cybercrime is a menace. We recognize that every business is different and has a unique set of challenges and objectives. In today's highly competitive business world, a "one-size-fits-all" approach does not produce optimal results. We want to partner with you for the long term because we are driven by your complete satisfaction and ongoing success. Our mission is simple - to provide intelligent, reliable and cost-effective custom solutions that help our clients streamline operations, increase revenue and maximize performance. Our success is a direct reflection of your success and we pride ourselves on being a consultative partner that helps you achieve your unique business objectives at the right price. Our highly customized solutions are not just created to work they are created to work specifically for you. Our wealth of expertise enables us to develop top-quality technology solutions that will create a measurable difference in your company's performance and profitability. Our consistent streams of referrals are the result of personalized service that exceeds client expectations. We do more than just work on projects - we create long-term, mutually-beneficial partnerships.
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