64 times worse than ransomware? FBI statistics underline the horrific cost of business email compromise
The FBI is reminding organisations of the serious threat posed by business email compromise (BEC) scams, declaring that it caused over $1.8 billion worth of losses to businesses last year. The newly-published annual cybercrime report from the FBI’s Internet Crime Complaint Center (IC3) reveals that it had received a record ... Read More
Criminals arrested after trusting encrypted chat app cracked by police
Police in the Netherlands and Belgium have made hundreds of raids, and arrested at least 80 people, after cracking into an encrypted phone network used by organised criminals. In a press release, Europol said that crime-fighting authorities in France, Belgium and the Netherlands had not only arrested a large number ... Read More
Wall Street targeted by new Capital Call investment email scammers
Business Email Compromise (BEC) scammers, who have made rich returns in recent years tricking organisations into transferring funds into their accounts, have found a new tactic which attempts to swindle Wall Street firms out of significantly larger amounts of money. According to a newly published-report by Agari, scammers are seeking ... Read More
US charges North Koreans in relation to global cyber attacks
The United States Department of Justice has charged three North Korean computer programmers with a range of cyber attacks that made headlines around the world. The men – 31-year-old Jon Chang Hyok, Kim Il, 27, and 36-year-old Park Jin Hyok – are alleged to have been part of North Korea’s ... Read More
Eight men arrested following celebrity SIM-swapping attacks
British police have arrested eight men in connection with a series of SIM-swapping attacks which saw criminals hijack the social media accounts of well-known figures and their families. The UK’s National Crime Agency (NCA) says it made arrests in England and Scotland as part of an international investigation working alongside ... Read More
Sloppy patches are a breeding ground for zero-day exploits, says Google
Security researchers at Google have claimed that a quarter of all zero-day software exploits could have been avoided if more effort had been made by vendors when creating patches for vulnerabilities in their software. In a blog post, Maddie Stone of Google’s Project Zero team says that 25% of the ... Read More
Emotet botnet takedown – what you need to know
What’s happened? Law enforcement agencies across the globe say that they have dealt a blow against Emotet, described by Interpol as “the world’s most dangerous malware”, by taking control of its infrastructure. Police have dubbed their action against Emotet “Operation LadyBird.” What is Emotet? Emotet is an extremely advanced and ... Read More
Google Chrome wants to fix your unsafe passwords
Most security breaches are the result of one thing: sloppy password practices. Too many people make the mistake of choosing weak passwords, or reusing passwords that they have used elsewhere on the internet – making life too easy for malicious hackers trying to gain unauthorised access. So I was pleased ... Read More
Cybercriminals are Bypassing Multi-factor Authentication to Access Organisation’s Cloud Services
The US Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) has issued a warning to companies to better protect their cloud-based accounts after several recent successful attacks. According to an advisory published by CISA, an increasing number of attacks have succeeded as more employees have begun to work ... Read More
Ransomware Gangs Scavenge for Sensitive Data by Targeting Top Executives
In their attempt to extort as much money as quickly as possible out of companies, ransomware gangs know some effective techniques to get the full attention of a firm’s management team. And one of them is to specifically target the sensitive information stored on the computers used by a company’s ... Read More
