Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 94

Insurance Cryptocurrency Cyber threats Marketing 94

SecureList

JUNE 26, 2023

According to a report by the Barracuda cybersecurity company, in 2021, businesses with fewer than 100 employees experienced far more social engineering attacks than larger ones. That same year saw one of the worst ransomware incidents in history, the Kaseya VSA supply-chain attack. Scammers often reach employees by e-mail.

Cybercrime 123

Cybercrime Phishing Banking Malware 123

The Last Watchdog

DECEMBER 12, 2023

Camellia Chan , Co-Founder and CEO, Flexxon Chan In a single month, major breaches hit MGM, DP World Australia, Philippine Health Insurance – just to name a few. Stay informed about AI developments and explore how your business can benefit from advancements in the public sector – and be mindful of the consumerization of AI-enabled fraud.

Cybersecurity 258

Cybersecurity Social Engineering Cyber threats Software 258

SecureList

NOVEMBER 9, 2022

We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side. We expect cyberthreats to rise in 2023, as unrest in the world contributes to an increase in cybercrimes. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 145

Cybersecurity Cyber Insurance Cybercrime IoT 145

Krebs on Security

DECEMBER 29, 2022

Here’s a look at some of the more notable cybercrime stories from the past year, as covered by KrebsOnSecurity and elsewhere. 24, Russia invades Ukraine, and fault lines quickly begin to appear in the cybercrime underground. I will also continue to post on LinkedIn about new stories in 2023.

Cryptocurrency 288

Cryptocurrency Cybercrime Computers and Electronics Scams 288

Malwarebytes

MARCH 10, 2021

Malware authors and social engineers have relied on shame and the threat of exposure for years. This quickly became a mess of arguments over paying the ransom , and the world of cyber insurance and whether it would actually insure against these types of attacks. Shaming victims into action.

Ransomware 128

Ransomware Insurance Cyber Insurance Social Engineering 128

The Last Watchdog

OCTOBER 5, 2023

He previously chronicled the emergence of cybercrime while covering Microsoft for USA TODAY. Erin: What are some of the most common social engineering tactics that cybercriminals use? Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

Cyber threats 203

Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

Security Affairs

SEPTEMBER 8, 2024

Head Mare hacktivist group targets Russia and Belarus Zyxel fixed critical OS command injection flaw in multiple routers VMware fixed a code execution flaw in Fusion hypervisor U.S.

Data breaches 121

Data breaches Artificial Intelligence Social Engineering Hacking 121

eSecurity Planet

SEPTEMBER 14, 2022

Cybercrime is a growth industry like no other. Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about. Social Tactics. In 2021 alone, IC3 received 847,376 complaints which amounted to $6.9 Technological tactics.

Social Engineering 122

Social Engineering Energy and Utilities Phishing Internet 122

SecureWorld News

OCTOBER 4, 2021

Still, little was reported about the details of the cyber incident, including who the attackers are, how the cyberattack happened, and the social engineering methods used to make the email look official. Peterborough has insurance through NH Primex. This provider covers issues related to public risk management.

Insurance 98

Insurance Ransomware Social Engineering Cybercrime 98

Security Affairs

APRIL 28, 2022

Cybercrime gang FIN7’s badUSB attacks serve as a reminder of two key vulnerabilities present among all organizations. Social engineering is a prerequisite to almost all cyberattacks. As FIN7 demonstrated, it was because of social engineering that the attacks were successful.

Social Engineering 98

Social Engineering Engineering Insurance DDOS 98

Malwarebytes

JANUARY 11, 2022

There’s elements of social engineering involved, too. Social engineering their way to USB victory. The sticks have been sent to “ US businesses in the transportation, insurance, and defence industries ”. The bogus sticks have been winging their way to potential victims through the post for a number of months.

Ransomware 125

Ransomware Social Engineering Malware Engineering 125

Security Affairs

AUGUST 11, 2022

When operators receive a call, they use a variety of social engineering tactics, to convince victims to give remote desktop control , to help them cancel their subscription service. This group has the advanced social engineering capabilities of the three groups. The victim is tricked into contacting a special call center.

Ransomware 98

Ransomware Social Engineering Phishing Engineering 98

Security Affairs

FEBRUARY 26, 2023

Clasiopa group targets materials research in Asia CERT of Ukraine says Russia-linked APT backdoored multiple govt sites UK won the Military Cyberwarfare exercise Defence Cyber Marvel 2 (DCM2) CISA warns of disruptive attacks amid the anniversary of Russia’s invasion of Ukraine Highly evasive cryptocurrency miner targets macOS Hackers are actively exploiting (..)

Social Engineering 98

Social Engineering Cryptocurrency Insurance Malware 98

Security Through Education

APRIL 7, 2021

” “Cybercrime apparently cost the world over $1 trillion in 2020.” The pandemic is providing the perfect cover for cybercrime, as can be seen in the alarming statistic from First Orion that criminals were able to get 270% more personal information in 2020 than in 2019 via vishing or phone scams. It’s a scam.

Scams 92

Scams Computers and Electronics Insurance Social Engineering 92

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. Businesses Many financials not only carry the burden of protecting their customers, but are also at risk of falling victim to cybercrime themselves. More than half (58.2

Scams 96

Scams Banking Cyber Insurance Cybercrime 96

Adam Levin

MARCH 16, 2020

“The scam is frequently carried out when a subject compromises legitimate business email accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.” Most importantly, the FBI encourages victims of cybercrime to continue to file reports to law enforcement.

Scams 130

Scams Identity Theft Accountability Phishing 130

Identity IQ

DECEMBER 20, 2023

This signals a new era of cybercrime where private data becomes prized currency, putting every email address and credit card number at risk. Major Breaches of 2023 Casino operator attacks: Casino giants MGM and Caesars were hit by disruptive cyberattacks in September involving concerning tactics such as social engineering.

Data breaches 90

Data breaches Identity Theft Cybercrime Social Engineering 90

Security Affairs

AUGUST 13, 2020

Since then, it has conducted 26 targeted attacks on commercial organizations alone, including companies in the fields of construction , finance , consulting , retail , banking , insurance , law ,and travel. For instance, the emails displayed the targeted company’s address and logo, while the sender address featured the company’s domain name.

Phishing 145

Phishing Social Engineering Banking Advertising 145

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This is likely because threat actors perceive US-based organizations to be more financially capable of paying ransoms due to well-developed cyber insurance.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

SecureWorld News

NOVEMBER 1, 2021

Americans’ personal information, stolen en masse by state-backed actors and online gangs alike, is being weaponized via increasingly sophisticated social engineering or disinformation campaigns. Criminals and extremists similarly can threaten unprecedented levels of disruption and coercion.

Cybersecurity 97

Cybersecurity Government Cyber Insurance Technology 97

Security Affairs

AUGUST 16, 2023

Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” Experts warn that the Energy sector was a major focus of this campaign, followed by manufacturing, and insurance. ” continues the report.

Phishing 98

Phishing Energy and Utilities Insurance Manufacturing 98

SecureWorld News

MAY 5, 2023

No one is safe from cybercrime, and often the most vulnerable among us are the most likely to be targeted or victimized. In fact, sharing such information could even jeopardize much of the work they are trying to accomplish in working through this incident and end up causing more harm to the people around Dallas-Fort Worth than it does good.

Ransomware 98

Ransomware Cyber Risk Cyber Insurance Social Engineering 98

eSecurity Planet

MAY 30, 2024

Hudson Rock, a cybercrime intelligence tool vendor with free services, posted that they detected Citrix credentials stolen from Change Healthcare using infostealers a day after the initial attack. Companies should also use free tools available to them. Online trackers: Kaiser Permanente disclosed a HIPAA breach of 1.34

Healthcare 124

Healthcare Cybersecurity Ransomware Backups 124

Security Boulevard

APRIL 23, 2021

Business email compromise is a sticky, multifaceted cybercrime that almost inevitably starts with a phishing attack. For businesses, these messages can purport to be from technology firms, service providers, distributors, vendors, transportation companies, insurers and other companies that would regularly communicate with other businesses.

Phishing 101

Phishing Scams Media Accountability 101

Security Affairs

FEBRUARY 15, 2019

In addition, the scammers were able to collect an “insurance premium” or “lawyer’s tax” For example, one of the pensioners, who was promised a compensation of 8660 USD, was required to pay a tax of 747 USD. SecurityAffairs – phone scammers, cybercrime). ” Source: The Express. . Pierluigi Paganini.

Banking 108

Banking Scams Social Engineering Advertising 108

SecureWorld News

OCTOBER 18, 2022

The insurance company got involved and said they will negotiate. The number one cybercrime is Business Email Compromise (BEC), Payton said. RELATED: 5 Emotions Used in Social Engineering Attacks ]. That's my goal," she said. Having that strategy really does work. Are these teams aware of these expectations?

Ransomware 98

Ransomware Insurance CISO Social Engineering 98

BH Consulting

NOVEMBER 15, 2022

He also warned against using insurance payouts to cover losses. Insurance is never supposed to pay for everything. Don’t use your insurance policy as your ransomware response. Detective Inspector Gerard Doyle of the Garda Siochana National Cybercrime Bureau urged victims not to pay the ransom.

Social Engineering 59

Social Engineering Insurance Ransomware CISO 59

SecureWorld News

OCTOBER 19, 2023

Increased risk of cyberattacks The rising cost of living can lead to an increase in cybercrime, as people become more desperate to make money. As cyber threats surge, the expenses associated with cyber insurance rise, adding to the financial strain. Many are facing multifaceted challenges. million from victims in 2022."

Cybersecurity 103

Cybersecurity CISO Education Phishing 103

BH Consulting

JUNE 13, 2023

Almost three-quarters of breaches (74 per cent) involve the human element through error, social engineering, stolen credentials or misusing privileges. Half of all social engineering attacks involve ‘pretexting’, where criminals fabricate a story to trick the victim.

Social Engineering 52

Social Engineering Data breaches Scams Ransomware 52

SecureWorld News

MAY 22, 2023

It was an old-school use of mirrored websites and social engineering to get USPS employees to enter their information into a fraudulent website. Fischer said: "The USPS matter is an example of how challenging it is to remove the human from cybersecurity. This was a not an incredibly technical attack.

Scams 98

Scams Password Management Passwords Authentication 98

SC Magazine

MAY 5, 2021

Since the IC3 was created in 2000, it has consistently shined a light on forms of cybercrime – some new and evolving, others belligerently persistent – and has made laudable strides in stopping the fraudulent transfer of funds whenever possible. Organizations must navigate cybercrime at all times. The ever-present phishing challenge.

Internet 53

Internet Internet Scams Cybercrime 53

Security Boulevard

MAY 24, 2024

Inglorious Basta(rds): 16 days on, huge hospital system continues to be paralyzed by ransomware—and patient safety is at risk. The post Black Basta Ascension Attack Redux — can Patients Die of Ransomware? appeared first on Security Boulevard.

Ransomware 135

Ransomware Risk Social Engineering Healthcare 135

BH Consulting

OCTOBER 6, 2022

Banks and insurance companies are telling customers to be wary of scam messages. Social engineering techniques, such as phishing, target not the systems but the people using them. So with European Cybersecurity Month here, now’s a good time to familiarise ourselves again with a popular cybercrime tactic.

Security Awareness 52

Security Awareness Phishing Scams Social Engineering 52

SC Magazine

JULY 13, 2021

Digital Shadows reports that out of its total client base, businesses operating in the financial services, food and beverage, technology, health care, and insurance verticals were responsible for nearly half of all total risk events observed. “We

Phishing 87

Phishing Identity Theft Social Engineering Technology 87

SecureWorld News

APRIL 1, 2021

This is the first factor mentioned in the report and addresses how cybercrime groups might be more organized than you would think. Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. We will take a look at each of these contributing factors.

Ransomware 57

Ransomware Cyber Insurance Social Engineering Cybercrime 57

Security Boulevard

JANUARY 18, 2024

Attackers will leverage AI for more scalable and effective social engineering attacks, disinformation campaigns, vulnerability discovery, and exploit amplification. Eventually, risk management, resource allocation optimization, and insurance modeling will benefit as a result. In 2024: 1. In 2024: 1.

Risk 115

Risk Cybersecurity CISO Technology 115