Cybersecurity Budgets Are Going Up. So Why Aren’t Breaches Going Down?
Over the past few years, cybersecurity has become a major concern for businesses around the globe. With the total cost of cybercrime in 2023 forecasted to reach $8 Trillion – with a T, not a B – it’s no wonder that cybersecurity is top of mind for leaders across all industries and regions. However, despite […]
Infrastructure Companies Say Suppliers Pose a Growing Cyber Threat
Companies in critical infrastructure sectors say weak cyber defenses at suppliers are becoming a significant threat to their business, and that rules to boost security down the supply chain might be needed. While federal and industry rules for specific areas such as aviation, pipeline companies and other critical infrastructure operators are well-established, said Curley Henry, […]
Crypto crime soars to record high of at least $20.1b in 2022
The analysts at the blockchain data platform say the dramatic drop in payouts is due to more victims simply refusing to pay ransomware attackers, and the analysts pointed to a few reasons why. Source https://www.foxbusiness.com/technology/ransomware-revenue-plunged-40-last-year-more-victims-refuse-pay-study
Ransomware revenue plunged 40% last year as more victims refuse to pay, study finds
Hijacking a computer system and holding its access hostage just doesn’t pay like it used to. At least that’s the takeaway from a report released Thursday from Chainalysis, which found that the revenue ransomware criminals extorted from victims dropped by a whopping 40.3% last year despite evidence that the number of attack attempts surged. The […]
ChatGPT being used to write malware, ransomware: reports
A new AI chatbot intended to help with writing emails, essays, and coding, is being used by some for criminal activities like espionage, ransomware, and malicious spam, among other things. Since its release in November by the San Francisco-based artificial research laboratory OpenAI, ChatGPT has widespread generated interest in how the chatbot tool can be […]
Apple plans new encryption system to ward off hackers and protect iCloud data
Apple Inc. is planning to significantly expand its data-encryption practices, a step that is likely to create tensions with law enforcement and governments around the world as the company continues to build new privacy protections for millions of iPhone users. The expanded end-to-end encryption system, an optional feature called Advanced Data Protection, would keep most […]
The Biggest Cyber Security Risks In 2022
Both the global pandemic and, more recently, the war between Russia and Ukraine have brought the threat of cyber-attacks on individuals, businesses, and nations into sharp focus. As more of our lives have moved online to cope with lockdowns and restrictions on movement, scammers, hackers, and fraudsters have enjoyed greater opportunities to strike. And international […]
Microsoft Defender Flagged Office Updates As Ransomware Activity
The battle against malware is constant, ever-changing and incredibly complicated. It’s so complicated, in fact, that Microsoft Defender for Endpoint this week detected activity that it found suspicious and mistakenly warned some system administrators that Office updates were a threat. Numerous reports were posted on Reddit from admins who saw the alerts popping up the […]
Hackers Target Bank Networks with new Rootkit to Steal Money from ATM Machines
A financially motivated threat actor has been observed deploying a previously unknown rootkit targeting Oracle Solaris systems with the goal of compromising Automatic Teller Machine (ATM) switching networks and carrying out unauthorized cash withdrawals at different banks using fraudulent cards. Threat intelligence and incident response firm Mandiant is tracking the cluster under the moniker UNC2891, […]
‘Roaming Mantis’ Android Malware Targeting Europeans via Smishing Campaigns
A financially motivated campaign that targets Android devices and spreads mobile malware via SMS phishing techniques since at least 2018 has spread its tentacles to strike victims located in France and Germany for the first time. Dubbed Roaming Mantis, the latest spate of activities observed in 2021 involve sending fake shipping-related texts containing a URL […]
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