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UK organizations were hit with on average 40% more targeted attacks than their European counterparts last year, but ended up paying far less, according to new research from Trend Micro.

A high-level hacking group dubbed Iron Tiger has been observed stealing trillions of bytes of confidential data from the United States government, US defense contractors and related companies in the United States and abroad, security company Trend Micro reports in its research paper posted Tuesday, Operation Iron Tiger: Exploring Chinese Cyber Espionage Attacks on U.S. Defense Contractors.

According to a Trend Micro report, the group – known as “Emissary Panda” or “Threat Group-3390 (TG-3390)” – dates back to 2010 when it was observed focusing on political targets and government agencies in China, the Philippines and Tibet.

According toa report released in June by Trend Micro's Forward-Looking Threat Research Team, a startling 26 percent of the sites on the Darknet are child exploitation sites.

As cybercrime continues to get worse - and more players enter the field - it's notable that at least one of the above rules is no longer unwritten, Max Goncharov, a threat researcher at the security firm Trend Micro, says in a recent update on the Russian cybercrime underground (see Why Russian Cybercrime Markets Are Thriving). "The underground market isn't very articulate about the ends toward which products sold should be used, but sometimes, users find a disclaimer stating that Russia