The Federal Bureau of Investigation (FBI) recently released a list of notable cyber threats that have been affecting computer systems for citizens and businesses across the country.
The FBI released its list, which includes ransomware, business email compromises (BEC) and intellectual property (IP) theft, in conjunction with the beginning of National Cybersecurity Awareness Month on Oct. 1.
Ransomeware is a type of malware that infects a user’s computer to restrict access to files or threatens the permanent destruction of files unless a ransom is paid. This type of malware has infected the computer systems of schools, hospitals and police departments. In many instances, a hacker will release one file to the infected user to prove that they have the ability to restore any locked files.
BEC scams involve compromising legitimate business email accounts, often those belonging to senior officials or chief executives, to conduct illegitimate wire transfers. These scams have been reported in all 50 states and have cost companies approximately $3 billion worldwide.
IP theft involves stealing a person’s inventions or creative works for monetary benefit. It can also include business plans, trade secrets and proprietary products. Because intellectual property is a critical component of the U.S. economy, the FBI makes IP theft another top criminal priority.
“The FBI is doing everything we possibly can, at every level, to make it harder for cyber criminals to operate,” David Johnson, associate executive assistant director of the FBI, said. “I believe many of them are now starting to think twice before they put fingers to keyboard. But we also ask that the public do its part by taking precautions and implementing safeguards to protect their own data.”