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 […]
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 […]
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, […]
The Biggest Ever iPhone Hack Was Not Alone
A shocking new report from Reuters has revealed a secretive company called QuaDream which has been hacking iPhones for more than five years, granting access to users’ microphones, cameras (front and back) and monitoring calls in real time. Reuters says that QuaDream’s flagship product was called ‘REIGN’ and the company sold its hacks to the […]
Palestine-Aligned Hackers Use New NimbleMamba Implant in Recent Attacks
An advanced persistent threat (APT) hacking group operating with motives that likely align with Palestine has embarked on a new campaign that leverages a previously undocumented implant called NimbleMamba. The intrusions leveraged a sophisticated attack chain targeting Middle Eastern governments, foreign policy think tanks, and a state-affiliated airline, enterprise security firm Proofpoint said in a […]