Cybercrime Archives - Page 30 of 45 - Cyber Security Minute

Fileless attacks designed to disguise malicious activity up 265%

Issued by: Help Net Security

Trend Micro published its roundup report for the first half of 2019, revealing a surge in fileless attacks designed to disguise malicious activity. Detections of this threat alone were up 265% compared to the first half of 2018. “Sophistication and stealth are the name of the cybersecurity game today as corporate technology and criminal attacks…

Network Security

Cost of data breaches to surpass $5 trillion in 2024

Issued by: Help Net Security

A new report from Juniper Research found that the cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024, an average annual growth of 11%. This will primarily be driven by increasing fines for data breaches as regulation tightens, as well as a greater proportion of business lost…

Malware & Threats

Ransomware attacks hit 1 in 5 Americans

Issued by: Help Net Security

Anomali announced the results of a survey conducted by The Harris Poll. It includes responses from more than 2,000 American adults and reveals how Americans believe business and government organizations should respond to ransomware attacks as well as their opinions on cybersecurity in general. This survey suggests that Americans believe government and businesses alike should…

Malware & Threats

Researchers reveal the latest lateral phishing tactics

Issued by: Help Net Security

Emails coming from legitimate, compromised accounts are difficult to spot, both for existing email protection systems and the recipients themselves. Lateral phishing tactics Researchers from Barracuda, UC Berkeley and UC San Diego have studied 180 lateral phishing incidents and have identified the following patterns organizations and individuals should be aware of: One in 10 of…

Malware & Threats

Phishing is a billion-dollar global industry, consumers are the main target

Issued by: Help Net Security

Phishing is a growing pain point for individuals, businesses and CSPs, according to Allot. Consumers are the main target of these attacks, and they are calling for better security for their data and financial information. The research shows that they are right to be concerned. The data showed that during Q1 2019, 7 million European…

Network Security

More than 2 million cyber incidents in 2018 created $45 billion in losses

Issued by: Help Net Security

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,…

Network Security

Financial Impact of Cybercrime Exceeded $45B in 2018

Issued by: Dark Reading

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…

Malware & Threats

Anatomy of a ransomware attack: How attackers gain access to unstructured data

Issued by: Help Net Security

Ransomware isn’t a new phenomenon, but it’s effects are starting to be felt more widely, and more deeply than ever before. Behemoths like Sony, Nissan, FedEx, Kraft Foods and Deutsche Bank have all been hit in recent years, and the list is growing. The ongoing saga of the ransomware attack in Baltimore, MD has left…

Malware & Threats

How past threats and technical developments influence the evolution of malware

Issued by: Help Net Security

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…

Malware & Threats

Florida City Pays $600,000 Ransom to Save Computer Records

Issued by: Security Week

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…