cybercrime
Every minute, $2.9 million is lost to cybercrime
Cybercriminals cost the global economy $2.9 million every minute last year, a total of $1.5 trillion, according to RiskIQ. Top companies pay $25 per minute due to security …
Average data breach cost has risen to $3.92 million
The cost of a data breach has risen 12% over the past 5 years and now costs $3.92 million on average, according to IBM. These rising expenses are representative of the …
Cyberthreats targeting municipalities are on the rise
Through the first half of 2019, a growing number of municipalities across the US were hit with crippling ransomware attacks, while several large companies disclosed data …
More than 2 million cyber incidents in 2018 created $45 billion in losses
The financial impact of ransomware rose by 60%, losses from business email compromise (BEC) doubled, and cryptojacking incidents more than tripled, all despite the fact that …
Threat actors are doing their homework, researchers identify new impersonation techniques
There is an increase in three main areas: spoofed phishing attempts, HTTPS encryption in URL-based attacks, and cloud-based attacks focused on publicly hosted, trusted …
Anatomy of a ransomware attack: How attackers gain access to unstructured data
Ransomware isn’t a new phenomenon, but it’s effects are starting to be felt more widely, and more deeply than ever before. Behemoths like Sony, Nissan, FedEx, Kraft Foods and …
Cybercriminals leverage malicious Office docs, Mac malware, web app exploits
There’s been a 62% increase in overall malware detections in Q1 2019 compared to the previous quarter. A new WatchGuard report also found that cybercriminals are …
Every year, millions of web domains are registered to defraud businesses
The growth of fraudulent domains corresponds to the growth of the overall domain landscape, according to Proofpoint. Between Q1 and Q4 2018, registrations of fraudulent …
Eurofins ransomware attack affected UK police work
Eurofins, a global provider of scientific testing services, said on Monday that operations are returning to normal after the recent ransomware attack, but that its impact on …
How past threats and technical developments influence the evolution of malware
If we want to anticipate how malware will evolve in the near future, we have to keep two things in mind: past threats and current technical developments. “The evolution …
New EU-funded project aims to disrupt wildlife cybercrime
A new European Union (EU)-funded project aims to disrupt criminals trafficking wildlife in or via the EU using the internet, postal or fast parcel services. The project is …
Ransomware disrupts worldwide production for Belgian aircraft parts maker
ASCO Industries, a manufacturer of aerospace components with headquarters in Zaventem, Belgium, has been hit with ransomware, which ended up disrupting its production around …