Cybercrime goes unreported in Greece

Feb 07, 2013
A general view of Athens with the Acropolis rising above the city on June 21, 2012. Cybercrime attacks are going unreported in Greece with companies either unaware of incidents or trying to sweep them under the carpet, experts told a security conference on Thursday.

Cybercrime attacks are going unreported in Greece with companies either unaware of incidents or trying to sweep them under the carpet, experts told a security conference on Thursday.

A cybersecurity study by PricewaterhouseCoopers, the London-based services firm, has found that a suspiciously-high 61 percent of Greek businesses had not detected a single security incident over the past year.

Another 27 percent reported 1-2 incidents while 11 percent reported more than three incidents.

The eurozone average was 26 percent for no attacks, 20 percent for 1-2 attacks and 43 percent for more than three attacks, said Socratis Katsikas, a digital systems professor at the University of Piraeus who presented the data.

"It's more likely that some companies did not even realise the attack, which is worse, or don't want to report it," Katsikas told a conference organised by the Greek cybercrime police squad.

Professor Costas Lambrinoudakis, who teaches at the same department, added that from 2007 onwards has replaced viruses as the main threat for .

"Only a small number of companies will announce an incident. Most will try to conceal it to avoid bad publicity," he said.

"The most significant source of are who are responsible for over 70 percent of information theft according to recent US surveys," said Massimiliano Michenzi, a Europol chief inspector specialising in .

Some internal threats are rather benign.

Lambrinoudakis spoke of a large corporation that was baffled to see its Web server inexplicably crash every day at 7 in the afternoon.

It turned out that the building cleaner had been unplugging the server to connect her vacuum cleaner, he said.

But generally the threat is serious.

"It used to be about fame among hackers, but now it's proper organised crime," said Sotiris Ioannidis from the Foundation for Research and Technology (Forth) institute of .

"(The perpetrators) use social networks, search engines and even innocent-looking PDF and word files to spread malware (malicious software)," he said.

According to research from software security firm Symantec, 431 million adults around the world fell victim to cybercrime attacks in 2010.

The cost measured in money and lost time was $388 billion (284 billion euros) when the global market for cannabis, cocaine and heroin that year was worth 288 billion euros, Ioannidis said.

Explore further: How much do we really know about privacy on Facebook?

add to favorites email to friend print save as pdf

Related Stories

Cybercrime against businesses 'explodes'

Nov 29, 2011

More than one in three companies say that in 2011 they have been victims of fraud, a report said on Tuesday, with reports of cybercrime targeting businesses around the world skyrocketing.

Interpol says organised gangs behind internet crime boom

May 08, 2012

Interpol president Khoo Boon Hui said on Tuesday that organised international gangs are behind most internet scams and that cyber crime's estimated cost is more than that of cocaine, heroin and marijuana trafficking ...

Recommended for you

Should you be worried about paid editors on Wikipedia?

3 hours ago

Whether you trust it or ignore it, Wikipedia is one of the most popular websites in the world and accessed by millions of people every day. So would you trust it any more (or even less) if you knew people ...

How much do we really know about privacy on Facebook?

4 hours ago

The recent furore about the Facebook Messenger app has unearthed an interesting question: how far are we willing to allow our privacy to be pushed for our social connections? In the case of the Facebook ...

Philippines makes arrests in online extortion ring

4 hours ago

Philippine police have arrested eight suspected members of an online syndicate accused of blackmailing more than 1,000 Hong Kong and Singapore residents after luring them into exposing themselves in front of webcam, an official ...

Google to help boost Greece's tourism industry

17 hours ago

Internet giant Google will offer management courses to 3,000 tourism businesses on the island of Crete as part of an initiative to promote the sector in Greece, industry union Sete said on Thursday.

Music site SoundCloud to start paying artists

23 hours ago

SoundCloud said Thursday that it will start paying artists and record companies whose music is played on the popular streaming site, a move that will bring it in line with competitors such as YouTube and Spotify.

Facebook awards 'Internet Defense Prize'

Aug 21, 2014

Facebook awarded a $50,000 Internet Defense Prize to a pair of German researchers with a seemingly viable approach to detecting vulnerabilities in Web applications.

User comments : 0