Over $27billion worth Cyber Crime prevented during COVID-19 Pandemic

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According to a study made by security firm Bugcrowd, ethical hackers have prevented over $27 billion worth of cyber crime during the spread of Corona virus 2019.

Bugcrowd’s Inside the Mind of a Hacker report compiled from the data collected in between May 1st, 2020 to August 31st, 2021 states that security vulnerabilities have increased since the start of COVID-19 pandemic, as most companies opted for work from home operations. And 91% of them were mitigated by ethical hackers by testing every end-point in a timely manner and securing the corporate networks to the core, thus, saving billions in loss.

Good news is that Bugcrowd’s research found that the earnings of hackers have also increased accordingly as their payments were being delivered faster under their services.

Casey Ellis, the founder and CTO of Bugcrowd, reiterated the fact that 79% of ethical hackers trained themselves on how to hack using online resources or the reliable content available on platforms such as YouTube and Daily Motion.

Another report released by Europol states that malware distribution, child abuse content related material circulation, payment scams, and criminal abuse on the dark web have

Note- Certified hackers are called as ethical hackers who help analyze and improve the security in a network of computers or infrastructure. The designation involves conducting pen-tests on a corporate network, tracking down breaches and their incurred losses and keeping a tab of vulnerabilities in the security set-up.

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Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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