An untold cost of ransomware: It will change how you operate
Ransomware is unfortunately an IT reality. With the complexity and frequency of attacks, there is a good chance you or someone you know has been impacted. Many victims attacked are tempted to just pay the ransom and be done with it; a strategy that is more widely-used than you might think. Even the FBI has…
Life’s a Breach: Dissecting a Year of Devastating Data Breaches
Several major data breaches thrust cybersecurity into the global spotlight in 2016. In the Asia-Pacific region, for example, cybercriminals stole 100 GB of government data from the Indian state of Kerala and made off with 300 GB of voter data in the Philippines. These are just two examples of high-profile data breaches that hit in…
Tech support scammers and their banking woes
We all know about tech support scams by this point. We know how they cold call, lie their way into your computer, and steal your money. Unfortunately for the scammers, banks know this as well, making it quite difficult at times to maintain an account to store the criminal’s ill-gotten gains. So how does the…
Cybersecurity in financial institutions 2016 — and what 2017 holds
We are digital natives, and with each passing day we put more of our lives online. We no longer stand and wait in lines; we connect to the Web for instant gratification. Convenient? You bet, but the move to the digital realm has also made us all targets for cybercriminals. As society operates more and…
A new approach is needed in the battle against cyber attacks
How do you search for something that’s invisible? An increase in the sophistication of cyber attacks means that it takes an average of 146 days before a corporate hack is discovered. Modern breaches are a mix of chameleonic deception and clever automation, enabling malicious code to be concealed deep inside the corporate network. In the…
Shift your perspective on cybercrime to realize how well you’re doing
A report recently surfaced placing the global impact of cybercrime at a staggering $450B. Naturally, it pressed on the tender wound and supplied further evidence that we are woefully unprepared, globally, to tackle such a complex challenge. In 2016 “cybercrime cost the global economy over $450 billion, over 2 billion personal records were stolen and…
Will 2017 be the Year IoT Threats Go Mainstream?
The Internet of Things (IoT) is changing the way we live and work forever. It makes us more productive, healthier and happier, and it enables businesses to work smarter, more efficiently and with greater agility. There’s just one problem: from a security perspective IoT devices are fundamentally flawed. And the bad guys are getting pretty…
Machine Learning For Cybersecurity Not Cybercrime
The cybersecurity industry has always been under constant strain from cybercriminals and malware. With increasing integration of hardware, software and services being built into every aspect of our lives, the task of keeping data secure has become even more difficult. The arsenal of tools that cybercriminals now have at their disposal has raised concerns for…
Avalanche Botnet Comes Tumbling Down In Largest-Ever Sinkholing Operation
The Avalanche botnet – linked to many of the world’s most troublesome ransomware, RATs, and banking Trojans – has been dealt a critical blow in what Europol called today the “largest-ever use of sinkholing to combat botnet infrastructures.” Five individuals were arrested and 800,000 domains seized, sinkholed, or blocked in an international takedown operation that…
Nearly half of consumers have been cybercrime victims
45% of consumers have been a victim of some form of cybercrime — with 65% choosing not to report the incident to authorities. Research also found that one in six of these consumers have lost funds due to online fraud, with 20% losing in excess of $1,298. Conducted by Opinium, the research surveyed 3,457 consumers…