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$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 …

phishing
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 …

target
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 …

money
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 …

DDoS
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 …

danger
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 scams
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 …

danger
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) …

money
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, …

biohazard
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 …

person
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 …

Coins
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 …

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