Businesses Report All-time High Levels of Fraud, Cyber and Security Incidents in 2017

Fraud, cyber, and security risks are at an all-time high, according to senior corporate executives surveyed worldwide for the 2017/18 Kroll Annual Global Fraud & Risk Report. The proportion of executives reporting that their companies fell victim to at least one instance of fraud over the past 12 months increased to 84%, from 82% in the […]

BEC Attacks to Exceed $9B in 2018: Trend Micro

Business email compromise (BEC) attacks are projected to exceed $9 billion in 2018. To put that number in context, it has been less than a year since the FBI reported BEC attacks had become a $5.3 billion industry. Attacks have become more sophisticated as hackers improve their game. BEC has grown among threat actors due to “its […]

Threats from Russia, North Korea Loom as Geopolitics Spills into Cyber Realm

Cyberthreat activity from Russia and North Korea ramped up last year in response to several geopolitical factors, while that from China — long a source of problems for US organizations — tapered off a bit, a new business risk intelligence report from Flashpoint shows. Flashpoint’s report provides an assessment of how cybercriminals and nation-state actors evolved their […]

50% of Companies Face Cyber-Attacks Motivated by Ransom

The percentage of companies reporting financially motivated cyber-attacks has doubled over the past two years, with 50% of surveyed companies experiencing a cyber-attack motivated by ransom in the past year. According to a new Radware report, as the value of bitcoin and other cryptocurrencies – often the preferred form of payment among hackers – has […]

Insights from 700M thwarted cyberattacks show how the fight against cybercrime has intensified

2017 was a record-setting year in the fight against cybercrime. Based on analysis of real world cybercrime attacks, ThreatMetrix confirmed a 100 percent increase in volume of attacks over the last two years. The good news is that record numbers of these attacks are thwarted by organizations investing in innovative, digital-first strategies to protect consumers facing downstream attacks […]

Online Fraud Increases 22% During Holiday Season

Online fraud attempts and general retail transaction volumes increased substantially during the 2017 holiday season, according to new benchmark data from ACI Worldwide. Fraud attempts in the period from Thanksgiving Day to December 31 increased by 22 percent, while the number of overall transactions increased by 19 percent. Fraud attempt rates were highest on Thanksgiving Day (1.94 percent, […]

Majority of Companies Lack Sufficient IoT Policy Enforcement Tools

A global survey of infosec decision-makers found 92% of respondents have security policies to manage IoT devices, yet 53% lack sufficient tools to enforce the policies, according to a Forrester Research report. Ten percent of the 3,378 survey respondents lacked any tools at all to enforce the policies, Forrester’s State of IoT Security 2018 report found. The […]

WhatsApp, Signal group chats not as secure as users might believe

Researchers have discovered flaws in the way WhatsApp, Signal, and Threema messaging apps handle secure (encrypted) group communication, which could result in unauthorized users getting added to closed groups and monitoring future conversations within them. A common problem highlighted by the research is that end-to-end encryption, which all of these messaging apps purport to offer, […]

US Gov Outlines Steps to Fight Botnets, Automated Threats

The US Departments of Commerce and Homeland Security have published a report focused on the challenges and steps toward fighting botnets and other automated, distributed threats, the National Institute of Standards and Technology (NIST) announced last week. Their report is a response to Executive Order 13800, Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure. The EO […]

Healthcare breaches involving ransomware increase year-over-year

2017 has been a very challenging year for healthcare institutions as these organizations remain under sustained attack by cybercriminals that continue to target their networks. End of year research conducted by Cryptonite indicates that there were a total of 140 data breach events characterized and reported to HHS/OCR as IT/hacking in 2017 representing a 23.89% increase over […]