Cybercriminals exposed over 5 billion records in 2019, costing over $1.2 trillion to U.S. organizations, according to ForgeRock. Coupled with breaches in 2018 costing over $654 billion, breaches over the last two years have cost U.S. organizations over $1.8 trillion. Healthcare: The most targeted industry Healthcare emerged as the most targeted industry in 2019, accounting…

When looking at all the different ways that hackers can threaten networks and enterprises, flashy incidents like ransomware scams often come to mind. But a relatively new kind of attack called business email compromise (BEC) has taken the lead in both frequency and overall damage, quickly becoming public enemy number one. According to the FBI’s…

Engineers from SMU’s Darwin Deason Institute for Cybersecurity have developed software to detect ransomware attacks before attackers can inflict catastrophic damage. Ransomware is crippling cities and businesses all over the world, and the number of ransomware attacks have increased since the start of the coronavirus pandemic. Attackers are also threatening to publicly release sensitive data…

The rampant rise of ransomware persists, with 100% of respondents – who include ITOps, backup, disaster recovery and storage admins, application and workload owners in the U.S. – reporting that their company experienced a ransomware attack in the last 12 months, Datrium reveals. With the evermore heightened threat of ransomware during the COVID-19 pandemic, companies…

Attackers are using this time of crisis to go after victims with targeted campaigns. The biggest threats are phishing attacks related to COVID-19. Attackers are also setting up COVID-19-related domain names and enticing people to click on them. Anomali recently released a report that identified at least 15 distinct COVID-19-related campaigns associated with 11 threat…

Smishing definition Smishing is a cyberattack that uses misleading text messages to deceive victims. The goal is to trick you into believing that a message has arrived from a trusted person or organization, and then convincing you to take action that gives the attacker exploitable information (like bank account login credentials, for example) or access…

Ransomware is arguably the most significant cybercrime innovation in recent history. The ransomware business model is so effective that it is now the most common and devastating threat to organizations of all sizes. As a provider of cyber insurance, we have the misfortune of responding to ransomware attacks across tens of thousands of organizations, and…

Between late March and mid-April 2020, IBM X-Force Incident Response and Intelligence Services (IRIS) uncovered a phishing campaign targeting small businesses that appears to originate from the U.S. Government Small Business Administration (SBA.gov). The emails, which contain subjects and attachments related to the need for small businesses to apply for disaster relief loans or provide…

There have been significant changes in web attack and traffic trends as a result of COVID-19, according to Imperva. The monthly report also revealed that the Cyber Threat Index remains at a ‘high’ level and the financial services sector has been suffering the most from cross-scripting site (XSS) attacks, and a continued increase in attacks…