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A phishing campaign employing QR codes targeted a leading energy company in the US, cybersecurity firm Cofense reported. “Beginning in May 2023, Cofense has observed a large phishing campaign utilizing QR codes targeting the Microsoft credentials of users from a wide array of industries.” ” continues the report.
The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5 Environmental – including climate change and associated catastrophic risks, environmental damage, greenhouse gas emission, pandemic, food insecurity and energy transition risk.
Cybercrime is a growth industry like no other. Energy and utility companies have been some of the most high-profile cyber attacks in recent memory, such as the May 2021 Colonial Pipeline attack or the Delta-owned Monroe Energy attack in November 2021. Social Tactics. billion in reported losses.
We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side. The economic downturn (caused by energy prices, inflation, sanctions, etc.) We expect cyberthreats to rise in 2023, as unrest in the world contributes to an increase in cybercrimes.
Prior to joining Delta Dental, Almeida was the CISO at Covanta Holding Corporation, a leader in energy-from-waste management services. He has also advised state and local government, utilities, large infrastructure and logistics organizations. His expertise is in socialengineering, technology, security algorithms and business.
In general, we’ve observed hacktivists in the Russo-Ukrainian conflict become more skilled and more focused on attacking large organizations such as government, manufacturing and energy entities. However, one especially notable supply chain attack in 2024 was the XZ Utils backdoor, which we covered in a three-part blog post.
APT targeting turns toward satellite technologies, producers and operators The only known case of an attack utilizing satellite technologies that happened in recent years was the KA-SAT network hack of 2022. They advertise on dark web platforms and employ various techniques, including malware, phishing, and other socialengineering methods.
Cybercrime will go to the next level: Cyberattackers will implement improved skills, “shift left” attacks, and shifting strategies to adjust to evolving cyberdefense. AI-Powered Cybercrime Despite the advancements in using AI to improve security, cybercriminals also have access to AI and LLMs.
Threat Actors Cybersecurity threats are growing more complex and persistent, driven by the heightened activities of nation-state actors and increasingly sophisticated cybercrime groups. Organised Cybercrime Groups Up Their Game Cybercriminals arent resting on old tactics with cybercrime expected to hit $12 trillion in 2025.
I’ve always believed that the best way to build a strong cybersecurity program is to utilize all the data. Threat actors have developed socialengineering approaches that leverage the uncertainty and chaos of the pandemic in order to deliver their malicious software.
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