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Title Social media-enabled cybercrime is generating $3.25 billion a year   hot icon  
Date 2019-04-03 Hit 69

Title: Social media-enabled cybercrime is generating $3.25 billion a year 

Author: Help Net Security 

Date: 02.27.2019


- One in five organizations have been infected with malware distributed via social media

- Reports of cybercrime involving social media grew by more than 300-fold between 2015 and 2017 in the US, and social media-enabled crime quadrupled between 2013 and 2018 in the UK

- Over 1.3 billion social media users have had their data compromised within the last five years and between 45-50 percent of the illicit trading of data from 2017 to 2018 could be associated with breaches of social media platforms

- Four of the top five global websites hosting cryptomining code are social media platforms

- The number of enterprises infected by cryptomining malware doubled from 2017 to 2018

- Social media platforms contain up to 20 percent more methods by which malware can be delivered to users – e.g. through adverts, shares, plug-ins – than comparable sources, such as ecommerce, digital media or corporate websites

- Social media has fueled a 36 percent increase in the recruitment of ‘millennial money mules’ since 2016 and has increased fraud revenues by 60 percent since 2017.


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