cybercrime
$1.7 billion in cryptocurrency was stolen and scammed in 2018
$1.7 billion in cryptocurrency was stolen and scammed in 2018 — a dramatic rise in criminal activity despite a slump in the market, according to CipherTrace. Criminals need to …
Microsoft remains the most impersonated brand, Netflix phishing spikes
Although Microsoft remains the top target for phishers, Netflix saw an incredible surge in Dec., making it the second most impersonated brand in Q4 2018, according to Vade …
Cybercriminals increasingly taking aim at businesses
2018 has been the year when cryptominers first dethroned ransomware as the most prevalent threat due to a meteoric spike in Bitcoin value in late 2017, then slowly trailed off …
Cybercrime could cost companies trillions over the next five years
Companies globally could incur $5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled …
Researchers analyze DDoS attacks as coordinated gang activities
In a new report, NSFOCUS introduced the IP Chain-Gang concept, in which each chain-gang is controlled by a single threat actor or a group of related threat actors and exhibit …
Mining malware evades agent-based cloud security solutions
Cloud infrastructures are a growing target for threat actors looking to mine cryptocurrency, as their vast computational power allows them to multiply the mining …
BEC scammers add payroll diversion to their repertoire
All the attention the most typical BEC scams have been receiving in the last few years must have affected their effectiveness and forced scammers to come up with new ways for …
Criminals wielding Ryuk ransomware specialize in targeting enterprises
A cybercriminal group dubbed Grim Spider has been using the Ryuk ransomware to exclusively target enterprises and has managed to amass over 705 Bitcoins (around $3.7 million) …
Battling attacks from global criminal networks in the financial sector
Every now and then, banks and financial institutions (and their customers) are targeted by opportunistic hackers, but they are much more worried about those that are smarter, …
McAfee researchers analyze cybercriminal markets, reveal tactics, targets
McAfee released its McAfee Labs Threats Report: December 2018, examining activity in the cybercriminal underground and the evolution of cyber threats in Q3 2018. McAfee Labs …
Does your personality put you at risk for cybercrime?
Impulse online shopping, downloading music and compulsive email use are all signs of a certain personality trait that make you a target for malware attacks. New research from …
Cryptocurrency craze drives coinmining malware surge
The cryptocurrency craze of 2018 helped drive a 1,500 percent increase in coinmining malware when compared to 2017, according to eSentire. Coinmining malware mines …