Ransomware attacks are no longer a matter of if, but when. With 60-80% of attacks today exclusively using fileless techniques, ransomware attacks have become more sophisticated and harder to detect and recover from. Backups, even if immutable and air-gapped, are simply not enough anymore.
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Welcome to our report summarizing the 2023 Faces of Fraud survey.
We are most grateful to our 150+ industry contributors who answered our
questions frankly to enable us to provide a snapshot of the frauds causing
most concern for financial services in 2023.
The data shared in this report, as well as expert...
An April ransomware attack against one of Australia's largest law firms swept up the data of 65 Australian government agencies, the country's national cybersecurity coordinator said Monday. The Russian-speaking Alphv hacking group claimed responsibility earlier this year for hacking HWL Ebsworth.
Credit reporting agency TransUnion may be the subject of a hacking incident leading to a data breach after a hacker apparently stole information of 58,505 customers across North and South America and Europe. TransUnion has not acknowledged the hack and refused to discuss the matter on the record.
Established provider LexisNexis Risk Solutions remains atop Forrester's digital fraud management rankings, while upstart Sift broke into the leaders category for the first time. Many providers in the space have expanded from payment transactions to account takeover fraud as well as handling scams.
With only 90 early adopters, Federal Reserve's FedNow program faces the challenge of persuading U.S. banks to sign on to the real-time payments initiative launched in July. Experts say the Fed could learn some lessons from successful efforts in Brazil and India.
Inadequate authentication measures leave your digital identity vulnerable to cybercriminals. Tools like multi-factor authentication, biometrics, passwords, PINs, and tokens are all more vulnerable to attacks and social engineering than you realize. And one wrong move leaves you and your organization powerless in the...
A financially motivated criminal syndicate that mainly operates in Telegram and underground forums has expanded its criminal arsenal to deploy ransomware and other intrusion capabilities on various cloud applications, warn Mandiant researchers.
Iranian state threat actor "Peach Sandstorm" is growing in sophistication, warns Microsoft in an alert about a campaign of password hacking targeting the satellite, defense and pharmaceutical sectors. The group's newfound polish is reflected in what the hackers did after establishing persistence.
This week, exiled Russian journalist Galina Timchenko's iPhone was found to contain NSO Group's Pegasus spyware, a Russian businessman was sentenced for insider trading, more than 300,000 people were affected by an attack on See Tickets and period-tracking apps raised privacy concerns in the U.K.
The drumbeat for potential federal legislation to better protect sensitive health information - or at least new regulations - appears to be growing louder in Congress. One of the Senate's four lawmaker doctors is quizzing the healthcare industry on ways to safeguard health data.
This week, Vitalik Buterin was the victim of a SIM swapping attack, North Korea likely orchestrated the $55 million CoinEx hack, OneCoin co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison and former FTX executive Ryan Salame will reportedly plead guilty to criminal charges.
In Norse mythology, Loki is a cowardly trickster god who can change age, shape and sex. The malware incarnation is more prosaic, tending to focus on stealing Microsoft users' data, at times by using an ancient vulnerability in Microsoft Office that continues to be widespread.
Hotel and casino giant Caesars Entertainment paid approximately half of an initial $30 million ransom demand to attackers who infected its systems with ransomware, according to news reports. The attackers appear to be with the same group that hit MGM Resorts.
The Defense Department's updated cyber strategy calls for disrupting malicious actors and boosting the cyber capabilities of U.S. allies to take on Chinese threats to critical infrastructure. Defense officials also plan to conduct defensive operations to protect the department's information network.
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