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RSA, The Security Division of EMC (NYSE: EMC), recently announced the results of a study conducted by the  Ponemon Institute  looking at the cost of fraud and online disruption coincident with Cyber Monday. The study surveyed 1,100 IT staff inside of retail organizations in the U.S. and UK. Some of the  key HIGHLIGHTS  are :  According to a new study by RSA and the Ponemon Institute, Cyber Monday represents an average 55 percent surge in daily online/mobile retail revenues. A corresponding surge in attacks drives hard losses, on average, as much as $500,000 per hour or $8,000 per minute. Customer churn from reputation and brand damage can drive losses to as much as $3.4 million from a single hour of disruption. While 64 percent of organizations see significant increases in attack activity, only 23 percent of attacks can be detected quickly and remediated, and nearly 70 percent of organizations do not take additional precautions in anticipation o...

The month of August marks a much anticipated return to school for both parents and students, but it appears that the subject of education is just as popular in the cybercrime underground this time of year. RSA has observed an increased supply of cybercrime courses, lessons, counseling and tutoring offered to fraudsters in rather official-looking models, mimicking the activity of legitimate schooling SENIOR FRAUDSTERS OFFER SCHOOLING FOR NEWCOMERS It has never been uncommon in the underground to see senior actors offer up advice to  newbies on how to commit fraud. More recently, seasoned criminals are even willing to  share more of their time and expertise to teach willing would-be criminals the ins and  outs of cybercrime – for a fee. RSA has been seeing an increase in ads by established criminals advertising courses they  commonly carry out via Skype videoconferencing. To add value, “teachers” are offering  interesting fraud courses, following th...