Meta's popular social media platforms are increasingly being targeted by cybercriminals, and account takeover complaints rose over 1,000% last year. This social threat is spilling over into banks and government agencies, and experts criticize Meta for moving too slowly to address security issues.
This report is filled with forward-looking insights and commentary from several industry experts.
With 20 distinct observations, the Forecast covers topics such as:
More individual attacks by actors motivated by bragging rights not profit;
More extortion attacks especially in Europe who is poised to take the title...
Data breaches in 2022 hit near-record levels as U.S. organizations issued 1,802 data breach notifications and more than 400 million individuals were affected. But only 34% of breach notifications included actionable information for consumers whose information was exposed.
A North Korean hacking group tracked by cybersecurity firm Proofpoint as TA444 in December unleashed a torrent of spam in a bid to harvest credentials - evidence of a hacking group that mirrors "startup culture in its devotion to the dollar and to the grind."
57% of consumers would stop spending money with their favourite brand if they fell victim to a phishing
attack while 70% agrees it is the brand’s responsibility to protect itself from email impersonation and from fake versions of its website respectively.
Download this casestudy to learn how to protect your...
When the DOJ announced a "major, international cryptocurrency enforcement action," observers expected to see charges against a well-known firm. Instead, the agency charged a lesser-known figure, Anatoly Legkodymov, the Russian founder of Bitzlato, with facilitating $700 million in illegal activity.
Android malware highlighted by Dutch cybersecurity firm ThreatFabric shows the line between a banking Trojan and advanced spyware. The Trojan, dubbed Hook, can take a screenshot, simulate clicks and input swipe gesture commands. It can also take control of WhatsApp.
Spanish authorities arrested three senior executives of the now-defunct cryptocurrency exchange platform Bitzlato, Europol announced. The crime coordination agency says about 46% of the assets exchanged through Bitzlato, worth roughly 1 billion euros, were linked to criminal activities.
Cybersecurity researchers say a Chinese for-profit threat group tracked as 8220 Gang is targeting cloud providers and poorly secured applications with a custom-built crypto miner and IRC bot. The malware can slow system performance, drive up costs and expose systems to security risks.
Competition between rival Russian-language darknet markets remains fierce since police shuttered Hydra last year. The latest to fall dark is Solaris, which controlled an estimated 25% of the darknet drug trade. It got hacked by newcomer rival Kraken. But that wasn't Solaris' only problem.
RiskRecon recently studied the impact of destructive ransomware incidents and the unique tie between ransomware susceptibility and an organization's cybersecurity posture. Kelly White of RiskRecon discusses the findings and how to use them to help secure the digital supply chain.
The total amount of ransom payments being sent by victims to ransomware groups appears to have taken a big dip, declining by 40% from $766 million in 2021 to $457 million in 2022 due to victims simply being unwilling to pay, blockchain intelligence firm Chainalysis reports.
The former head of the U.K.'s National Cyber Security Centre warns that destructive ransomware targeting large enterprises is likely to surge in 2023, adding that recent attacks on Royal Mail and The Guardian newspaper are examples of these early-stage attacks.
An international sting operation on Tuesday shut down the operations of cryptocurrency exchange Bitzlato Ltd. as FBI agents hauled co-founder Anatoly Legkodymov into a Miami jail to face U.S. federal charges of conducting an unlicensed money-transmitting business.
The notorious LockBit 3.0 ransomware group runs just like a business, focusing on recruiting top talent and maintaining an advanced product - which has led to the group's longevity. But the operators' insecurities could be key to the group's undoing, says security researcher Jon DiMaggio.
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