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R. Vittal Raj, international vice president of Information Systems Audit and Control Association, has said that hackers are using social media websites to coordinate with each other to launch major attacks, PC-Tablet.co.in reported.
Although security professionals have been putting efforts to prevent cyber attacks, cyber criminals are devising new strategies to find loopholes in IT system, said Mr. Raj.
U.S.-based McAfee Inc. estimated the cost of cyber attacks in 2013 to be up to $1 trillion.