1. Business Security Threats
  1. Alcohol Smuggling$5.0 Billion
  2. Art Theft$10 Billion
  3. Cigarette Smuggling$50 Billion
  4. Corruption$1.6 Trillion
  5. Counterfeit Goods$653.77 Billion
  6. Illegal Gambling$140 Billion
  7. Kidnap and Ransom$1.5 Billion
  8. Money Laundering$1.4 Trillion

News, information and statistics about business security threats and vulnerabilities. Data about business risk is collected from security agencies, threat intelligence reports and other public information sources.

According to security reporter Brian Kerbs, hackers are selling computer programs that automatically click on competitors advertisements in order to drain their budget.

The service automotates bots that commit click fraud throughout the Google Adsense network. By having bots click on the ads, a business can quickly drain their competitors ads to prevent it from being seen.

The service is available for sale on underground Russian forums and has both subscription and flat rate options. For $100, buyers of the service can target 3 to 10 ad units for up to 24 hours. For a flat rate of $1,000, small businesses can drain the ads of a handful of competitors and prevent them from being seen indefinitely.

Fees are paid upfront with the use of virtual currencies such as WebMoney.

(More prices of underground hacking services.)

Source:  Brian Kerbs, ” Hacker service drains Google AdWords budgets,” Sydney Morning Herald, June 28, 2014

The agency responsible for anti-money laundering campaigns in Singapore reported an increase in cases during 2013.

According to the Commercial Affairs Department, the agency received 22,417 suspicious transaction reports during the 2013 year, and increase of 25 percent from the previous year. In 341 instances, the agency provided intelligence to foreign agencies, up from the 160 cases of intelligence sharing that took place in 2012.

In total, security officials in Singapore seized over $92 Million (115 Million Singaporean Dollars) in suspected criminal proceeds.

According to a spokesman for the agency, more transnational organized crime groups are using the country’s financial industry in order to move their illicit funds.

(All money laundering statistics here.)

 

Between 2011 and 2013, authorities in Chile seized 362,752 pirated books from stores across the country. The pirated books were valued at $1.5 Million. In 2013, a total of 6,559 pirated books valued at $106,000 were seized in Chile. The rate of seizures has increased in 2014, with 13,181 pirated books being seized in the first three months of the year, or more than doubled the total amount for 2013. Most of the pirated books seized in Chile are children’s books and literature books. However, police have seen an increase in pirated textbooks in 2014. For example, the textbook Atlas of Human Anatomy is the main book used for health programs in universities in Chile. Officials have seized 34 pirated copies in the first 3 months of 2014. The pirated textbook costs $35, while an original copy of the textbook cots $200. According to security officials, pirated book smugglers from Peru have strapped copies to their bodies and have smuggled it into the country by copying the tactics of drug traffickers.

Two cases of illegal gambling syndicates in Asia highlight the amount of money being wagered on the 2014 World Cup.

Police in Macau broke up a ring that took in $645 Million during the opening matches. 22 people were arrested by police in China, Hong Kong and Malaysia. The syndicate was operating out of three hotel rooms in Macau where they took internet and phone bets from people around the world. One gambler allegedly placed a $5 Million bet with the syndicate.

In the same hotel, police broke up a different illegal gambling ring that took in up to $645,000 in bets in a single day during the World Cup.

Hong Kong police seized illegal betting slips that had around $10 Million in bets placed and arrested 39 people in the first two weeks of the tournament. Illegal sports betting in Hong Kong generates about $64.5 Billion each year in the territory.

Singapore security officials arrested 15 people in a illegal gambling ring that took in $640,000 in World Cup bets during the opening stages of the World Cup.

Over half of all illegal sports gambling takes place in Asia.

(See all illegal sports gambling statistics and figures here.)

 

A report by the Center for Strategic and International Studies and computer security company McAfee reported that up to$445 Billion a year is being lost globally to cybercrime activities.

Online crime, hacking and the theft of intellectual property could cause up to 200,000 jobs being lost in the United States and up to 150,000 jobs in Europe.

A reported 50 million people in the United States had their personal identification stolen within the past year.

Source:  Chris Strohm, “Cybercrime Remains Growth Industry With $445 Billion Lost,” Bloomberg, June 9, 2014

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A survey by the University of the Thai Chamber of Commerce found that an estimated $1.3 Billion (43.5 Billion Thai Baht) in illegal gambling bets is expected to be placed in Thailand during the 2014 World Cup Tournament. By comparison, an estimated $789 Million (25.7 Billion Baht) is expected to be spent on consumer goods and parties, such as new television sets.

Thailand has a huge illegal gambling industry.  There are over 3 million gamblers in Thailand who gamble at any of the 700,000 to 1 million illegal casinos across the country.

Source:  Phusadee Arunmas, “World Cup a boon to spending,” Bangkok Post, June 6, 2014.

A reporter in Dubai investigating fake online degrees reported on a company that was offering MBA degrees for sale. According to the report, the online company was claiming to transfer work experience into college credit that would allow a student to easily obtain an MBA degree online.

The unaccredited university was offering MBA degrees online for $500. After contacting the “university”, academic counselors repeatedly contacted the reporter using high pressured sales tactics in order to get the reporter to buy a degree. In the span of two days after initial contact, one diploma mill contacted the reporter 27 times, while another online diploma mill contacted the reporter 24 times.

(See more prices of fake degrees online.)

Source:  Mazhar Farooqui, “Online fake degrees: XPRESS investigation part 2,” Gulfnews.com, June 4, 2014.

A study by Oxford Economics and the International Tax and Investment Center found that the Philippines Government lost $357 Million (15.6 Billion Philippine Peso) in tax revenue due to the sale of illegal cigarettes.

17.1 Billion cigarettes that were sold on the black market were smoked in the Philippines in 2013, up from the 6.1 billion illegal cigarettes smoked in 2012. 1.8 billion counterfeit cigarettes were smoked in the Philippines in 2013 as well.

(All cigarette smuggling statistics.)

Source:  Jon Carlos Rodriquez, “Philippines lost nearly P16-B on illegal cigarette sales in 2013 – study,” ABS CBN News, June 5, 2014.

A reporter with the New York Daily News was bought a fake New York ID card in 90 minuets in Roosevelt Avenue in the NYC borough of Queens.

The reporter paid $10 for her picture to be taken, and the $150 to receive the fake id card.

(Prices of fake online degrees.)

Police and other security experts in the city  state that the area of Roosevelt Ave. in Queens is considered to be a hotspot for counterfeit ids, fake green cards and fake passports. According to data released by the Queens District Attorney’s office, there were 273 arrests for creating of possessing fake id documents such as green cards, Social Security cards and fake passports. In 2013, there were 250 arrests. In the first 5 months of 2014, police arrests 130 people for fake documents.

(See more prices of fake ids for sale.)

Source:  Corinne Lestch, “Daily News reporter easily snags fake ID in Queens hotspot for phony documents,” New York Daily News, May 31, 2014.

Security officials estimate that illegal online gambling syndicates earn up to $2.4 Billion (7.9 Billion Malaysian Ringgit) a year from illegal gambling activities in Malaysia.

Intelligence by enforcement agencies shows that online bookies are able to make a daily profit of $3,112 (10,000 Ringgit) from illegal gamblers in the Malaysia. A start-up gambling website with $15,500 (50,000 Ringgit) in capital is able to collected between $2,178 to $3,112 (7,000 to 10,000 Ringgit) per day with a few customers.

The online syndicates use covers such as cyber cafes and restaurants to hid their gambling activities and to wash their funds.

(Additional money laundering statistics.)

Source:  Rahimy Rahim and Allison Lai, “Gambling rings making almost RM8bil a year even with raids,” Asia One, May 26, 2014.