Adam Levin

MARCH 16, 2020

billion in BEC scam-related losses the year before. “BEC/EAC is a sophisticated scam targeting both businesses and individuals performing a transfer of funds,” explained the report. ” The report warned that the methods used by hackers to perpetrate BEC scams were becoming more complicated and difficult to detect.

Scams 130

Scams Identity Theft Accountability Phishing 130

Webroot

SEPTEMBER 24, 2024

From ransomware attacks to phishing scams, hackers are becoming more sophisticated. Nation-states are teaming up with cybercrime gangs Cybercrime is no longer just about lone hackers. China is focusing on its political goals in the South China Sea, often collaborating with cybercrime rings like Storm-0558.

Cyber threats 114

Cyber threats Small Business Scams Cybercrime 114

Malwarebytes

FEBRUARY 3, 2023

As the reports covering all of 2022 start trickling in, we can see that cybercrime and other types of fraud had a major impact last year. million (roughly $750 million) through authorized and unauthorized fraud and scams in the UK alone. Blocking scam text messages. Unauthorized payment card fraud. How can we help?

Scams 92

Scams Banking Cyber Insurance Cybercrime 92

Security Affairs

FEBRUARY 25, 2024

Apple created post-quantum cryptographic protocol PQ3 for iMessage Russian hacker is set to face trial for the hack of a local power grid Microsoft released red teaming tool PyRIT for Generative AI CISA orders federal agencies to fix ConnectWise ScreenConnect bug in a week FTC charged Avast with selling users’ browsing data to advertising companies (..)

Spyware 130

Spyware Cyber Insurance Hacking Advertising 130

SecureWorld News

NOVEMBER 12, 2020

This is partly driven by cyber insurance and a growing number of organizations seeing this insurance as a business necessity: "Although cyber insurance policies existed since early 2000, ransomware attacks are one of the main reasons for the increased interest in this type of insurance during the last 5 years.

Cyber threats 130

Cyber threats Insurance Cyber Insurance Ransomware 130

SecureWorld News

NOVEMBER 22, 2021

The Business Email Compromise (BEC) scam is one of the simplest and most damaging attacks businesses can face with losses ranging from hundreds to millions of dollars. According to the Federal Bureau of Investigation (FBI), losses due to BEC scams since 2013 total around $28 billion dollars and it is the most profitable cybercrime there is.

Scams 98

Scams Cybercrime Accountability Banking 98

CyberSecurity Insiders

JANUARY 6, 2023

By the time they adjust their processes, beef up their defenses, and add new layers of security, they find themselves battling more virulent ransomware strains and cyber-scams. Insurance Refusals and Rate Hikes. But not insurance companies. Slow Gains on Storage and Backup Security.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136