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Three cybercrime technology trends to watch in 2023

CyberSecurity Insiders

Spy”-type cyberspace race as both criminals and defenders vie to gain the upper hand using new and emerging technologies. Every technology that enables our cyber teams to pinpoint and resolve threats and prevent attacks more quickly and accurately also benefits cybercriminals.

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Ransomware Is Getting Ugly

Schneier on Security

Modern ransomware has two dimensions: pay to get your data back, and pay not to have your data dumped on the Internet. The Colonial Pipeline is another current high-profile ransomware victim. Ransomware has become the most profitable cybercrime business model, and until we solve those two problems, that’s not going to change.

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Experts warn of ransomware attacks against government organizations of small states

Security Affairs

Cyber Research Labs reported a rise in ransomware attacks in the second quarter of 2022, small states are more exposed to these attacks. The experts warn of ransomware attacks against government organizations. They observed a total of 48 government organizations from 21 countries that were hit by 13 ransomware attacks in 2022.

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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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Ransomware Victims That Pay Up Could Incur Steep Fines from Uncle Sam

Krebs on Security

Companies victimized by ransomware and firms that facilitate negotiations with ransomware extortionists could face steep fines from the U.S. federal government if the crooks who profit from the attack are already under economic sanctions, the Treasury Department warned today. Image: Shutterstock.

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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Today, this tactic has evolved, where ransomware operators in nearly every case first exfiltrate sensitive data and then threaten to publicly expose it if a ransom demand is not paid.

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Technology Will Fail: Why Managing Intrusions is Critical in the Fight Against Ransomware

CyberSecurity Insiders

According to cybercrime prosecution statistics , 2022 is expected to see a worldwide annual spend of nearly $134 billion to both prevent and also deal with the aftermath effects of cybercrime – and that figure is estimated to rise even higher. The alert from the U.S.,