A global law enforcement operation has resulted in the arrest of 281 suspects allegedly involved in business email compromise scams. The announcement comes on the same day as the FBI's Internet Crime Complaint Center says that losses from BEC scams have hit $26 billion and are continuing to rise.
Cybercrime is surging thanks, in part, to the availability of inexpensive hacking tools and services. A recent look by security firm Armour at black market offerings finds stolen payment card data, RDP credentials, ransomware and DDoS services are widely available for sale.
In the past year, cybercriminals behind two of the biggest ransomware attacks have abandoned other techniques in favor of exploiting remote desktop protocol. Matt Boddy of Sophos explains why RDP attacks are so popular - and what you can do to discourage them.
As a fraud management leader, are you aware that social engineering is a widespread and increasingly common tactic used to takeover customer accounts? Learn more about why social engineering is one of the most dangerous and difficult to stop online crimes.
State officials in Texas say that at least 23 local government entities have fallen victim to a coordinated ransomware attack unleashed on Friday morning. Security experts say attackers continue to pummel local governments, and illicit profits have been rising.
Three years since its launch, the No More Ransom portal has assisted 200,000 ransomware victims and stopped $108 million from being paid in ransom, according to Europol - one of its founding partners.
Data breach costs continue well after the initial year, according to the latest IBM/Ponemon Institute,"Cost of a Data Breach" report. Limor Kessem of IBM Security shares details of the study.
Britain's privacy watchdog has proposed a record-breaking $230 million fine against British Airways for violating the EU's General Data Protection Regulation due to "poor security arrangements" that attackers exploited to steal 500,000 individuals' payment card data and other personal details.
Déjà vu basic cybersecurity challenge all over again: With the U.S. government warning that geopolitical tensions could trigger wiper-attack reprisals, security experts review the basic anti-wiper - and anti-ransomware - defenses organizations should already have in place.
A distributed denial-of-service attacker who crashed a popular gaming service at Christmas has been sentenced to serve 27 months in prison. Austin Thompson has also been ordered to pay $95,000 in damages to Daybreak Games.
Microsoft is warnings about a large-scale spamming campaign hitting several countries in Europe, with the attackers using an old Office exploit to send emails to victims that contain malware in RTF attachments.
Federal prosecutors brought racketeering and other charges against four people, including one U.S. citizen, related to Darkode, a notorious online forum that specialized in buying and selling of malware and other hacking tools. Law enforcement closed the site nearly four years ago.
A month after Baltimore's IT network was hit with the RobbinHood ransomware variant, officials believe the May 7 attack will cost $18 million, which includes recovering and restoring computer systems as well as lost municipal revenue.
The latest edition of the ISMG Security Report analyzes the "blame game" in the wake of a ransomware attack against the city of Baltimore. Also featured: Discussions of cyberthreats in the financial services sector and open source security concerns.
C-level executives are 12 times more likely to be the target of social incidents and nine times more likely to be the target of social breaches. This is among the key findings of the latest Verizon's Data Breach Investigations Report. Author John Grim shares insight.
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