cybercrime
The costly threat that many businesses fail to address
Insider attacks such as fraud, sabotage, and data theft plague 71% of U.S. businesses, according to Capterra. These schemes can cost companies hundreds of thousands of dollars …
Cybercriminals use proxies to legitimize fraudulent requests
Bot attacks were previously seen as relatively inconsequential type of online fraud, and that mentality has persisted even as threat actors have gained the ability to cause …
New coercive tactics used to extort ransomware payments
The increase in reported ransomware victims across Q1 2023 reflects the continued prevalence of ransomware as a worldwide, industry agnostic threat, according to GuidePoint …
Organizations are stepping up their game against cyber threats
Global median dwell time drops to just over two weeks, reflecting the essential role partnerships and the exchange of information play in building a more resilient …
Over 70 billion unprotected files available on unsecured web servers
Critical exposures outside of an organization’s firewall are the greatest source of cybersecurity threats, according to CybelAngel. Across all industries, these …
Scammers using social media to dupe people into becoming money mules
Fraudsters are taking advantage of the widening fraud knowledge gap, outlining the urgent need for banks to educate and protect their customers with technology, according to …
Outdated cybersecurity practices leave door open for criminals
Organizations experienced a significant increase in ransomware – from an average of four attacks over five years in 2021 versus four attacks over the course of one year in …
Quantifying cyber risk vital for business survival
Healthcare, manufacturing, and utilities are suffering long-term financial impact of major cyber attacks, according to ThreatConnect. “With the National Cyber Strategy coming …
AI tools like ChatGPT expected to fuel BEC attacks
Across all BEC attacks seen over the past year, 57% relied on language as the main attack vector to get them in front of unsuspecting employees, according to Armorblox. In …
Tactics that make crypto giveaway scams so successful
The illicit market for crypto giveaway scams has expanded, offering various services to facilitate fraudulent activity. The proliferation of fake crypto giveaways can be …
The new weakest link in the cybersecurity chain
It used to be that people were the greatest cybersecurity vulnerability, but this is no longer true. The rise of the internet made people more connected than ever. Attackers …
Criminal businesses adopt corporate behavior as they grow
As criminal groups increase in size, they adopt corporate-like behavior, but this shift brings about its own set of challenges and costs, according to Trend Micro. “The …