The financial impact of ransomware rose by 60%, losses from business email compromise (BEC) doubled, and cryptojacking incidents more than tripled, all despite the fact that overall breaches and exposed records were down in 2018, according to Internet Society’s Online Trust Alliance (OTA). The data shows that cybercriminals are getting better at monetizing their activities,…

Cybersecurity incidents cost an estimated $45 billion in 2018, according to a new report that aggregates data from different types of reported security incidents from around the world. It’s difficult to get a complete picture of the cyber incident landscape, says Jeff Wilbur, technical director of the Internet Society’s Online Trust Alliance (OTA), which today…

If we want to anticipate how malware will evolve in the near future, we have to keep two things in mind: past threats and current technical developments. “The evolution of malware-related threats is like a sine wave movement, re-infused by new technology developments,” Christiaan Beek, Lead Scientist and Senior Principal Engineer, McAfee, told Help Net…

The Riviera Beach City Council voted unanimously this week to pay the hackers’ demands, believing the Palm Beach suburb had no choice if it wanted to retrieve its records, which the hackers encrypted. The council already voted to spend almost $1 million on new computers and hardware after hackers captured the city’s system three weeks…

The new solutions include ElectionGuard, a free open-source software development kit (SDK) developed in collaboration with Galois, and Microsoft 365 for Campaigns, a new service that brings high-end security capabilities to political campaigns. The new service, Microsoft says, can keep political campaigns safe from phishing attacks, provides easy to deploy advanced security features, and comes…

Despite improvements in combating cybercrime and threats, IT security professionals are still struggling to fully secure their organization and protect against breaches with 61 percent claiming to have experienced a data breach at their current employer, according to McAfee. Adding to this challenge, data breaches are becoming more serious as cybercriminals continue to target intellectual…

The FBI’s shutdown of the 15 largest distributed denial-of-service (DDoS) for hire vendors (booters) reduced the overall number of attacks worldwide by nearly 11 percent compared to the same period last year. Along with the fewer total attacks, the average size decreased by 85 percent as did the maximum attack size by 24 percent, indicating…

The possibility of a large-scale cyber-attack having serious repercussions in the physical world and crippling an entire sector or society, is no longer unthinkable. Preparing for major cross-border cyber-attacks To prepare for major cross-border cyber-attacks, an EU Law Enforcement Emergency Response Protocol has been adopted by the Council of the European Union. The Protocol gives…