Organizations are detecting and containing attacks faster as the global median dwell time, defined as the duration between the start of a cyber intrusion and it being identified, was 56 days. This is 28% lower than the 78-day median observed in the previous year, according to FireEye. Consultants attribute this trend to organizations improving their…

The finance director of the island’s Industrial Development Company, Rubén Rivera, said in a complaint filed to police Wednesday that the agency sent the money to a fraudulent account. Rivera said the government agency transferred the money on Jan. 17 after receiving an email that alleged a change to a banking account tied to remittance…

The new coronavirus outbreak, which started in China, has made a lot of headlines recently and has caused global panic. Over 40,000 infections have been confirmed and the death toll has exceeded 1,000. The virus has been named 2019-nCoV and Covid-19. Given the virus’s impact, it’s not surprising that cybercriminals and fraudsters have been leveraging…

Kount released a new research report on digital innovation and emerging fraud, which found that the most innovative businesses are also the ones facing the greatest fraud threats. The report, conducted by Javelin Research, surveyed hundreds of respondents across the retail, restaurant, insurance, and financial industries and revealed more than 40% of businesses say fraud…

While most enterprises have come to terms with the fact that a security incident is not a factor of “if,” but rather “when,” many are still struggling to translate this into the right security architecture and mindset. FireEye’s Cyber Trendscape 2020 report found that the majority (51%) of organizations do not believe they are ready…

It’s that time of year again. Everyone’s busy – at work and at home. That includes cybercriminals, too. In fact, the holiday season is when busy, distracted people tend to be especially vulnerable to phishing attacks. Just one click on a phishing link in a realistic-looking email or package shipment notice from even the savviest…

Only 6% of all breaches in 2019 were suffered by financial services firms, according to Bitglass. However, these breaches compromised significantly more records than those that occurred in other industries. Leaked records and data breaches in the financial services industry In total, more than 60% of all leaked records in 2019 were exposed by financial…

It’s the most wonderful time of the year – for cybercriminals that is. With increased online sales, major commercial holidays like Black Friday and Cyber Monday present plenty of cyberthreats for both companies and consumers. Aware of the uptick in traffic around the holidays, cybercriminals are waiting to strike. Last year’s Cyber Monday deals raked…