10 biggest cyber crimes and data breaches till date

March 4, 2017

Cyber criminals are becoming more sophisticated at picking our virtual pockets. And most of us remain woefully unprepared.According to a 2016 survey conducted by PricewaterhouseCoopers, organizations rank cybercrime as the second most reported type of economic crime, up from fourth place. (It’s worth noting that most cybercrimes go unreported.)In the survey, 32 percent of organizations admitted they had been a victim of cybercrime and 34 percent expected to become a victim in the next two years. Only 37 percent had a plan to respond to these incidents.Such stats indicate widespread denial in the face of a growing problem. Online crime has way beyond teenage hackers pushing boundaries and into elaborate worldwide syndicates that are well organized and use sophisticated tools. They steal personal data, passwords and other information, then use it to blackmail businesses or scam consumers. Or they might sell it on the black market, where others can use it to steal identities and run up credit card charges.Here are 10 of the most notable cybercrimes, either by size or significance. They illustrate the growing threat to businesses, consumers and governments.Rarely a week goes by without news of another data breach at another corporation. And cyber thieves are taking different types of data and doing more things with them

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TeraMach, a Pivot Company

With offices in Ottawa and Toronto, we work closely with our strategic partners to help organizations plan for the future while implementing proven and scalable solutions today. Using our unique integration lab and our proven expertise, we work with customers to architect a customized solution that has been tested and certified. This provides our customers with peace of mind, knowing that the solution will integrate seamlessly into their existing operations while achieving business results.

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