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…

The Wuhan coronavirus continues to spread and create anxiety across the globe, allowing malicious individuals and groups to exploit the situation to spread fake news, malware and phishing emails. Malicious coronavirus-themed campaings IBM X-Force says that Japanese users have been receiving fake notifications about the coronavirus spreading in several prefectures, purportedly sent by a disability…

Nearly 90 percent of global organizations were targeted with BEC and spear phishing attacks in 2019, reflecting cybercriminals’ continued focus on compromising individual end users, a Proofpoint survey reveals. Seventy-eight percent also reported that security awareness training activities resulted in measurable reductions in phishing susceptibility. The report examines global data from nearly 50 million simulated…

Ransomware attacks on organizations are likely to continue unabated in the near term if the results of a new survey by Proofpoint are any indication. The security vendor recently polled 600 IT security professionals from around the world on trends related to phishing and other email-borne threats. The results showed that 33% — or nearly…

2019 was a bad year for data security. By virtually every metric, it was the worst ever. According to the Ponemon Institute’s 2019 Cost of a Data Breach Report, the average cost of a data breach reached $3.92 million, the highest amount on record. At the same time, the number of data breaches will reach…

The need to achieve responsible enterprise security has taken center stage in enterprise IT management in recent years, precipitated by a deluge of public data breaches that damaged company reputations. However, lacking information on the most critical modern attack vectors, many organizations continue to rely solely on traditional virus scanning tools as their sole method…

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…