Law enforcement agencies have identified at least 150 investment fraud websites operated by fake broker-dealers who stole a minimum of $50 million from at least 70 victims.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
A blast of thousands of fake emails from the FBI named security professional Vinny Troia as a criminal. Troia believes the perpetrator is affiliated with several different criminal groups and also running a “white hat” security firm in Canada.
Think fake mobile apps are just displaying annoying advertisements? Think again as attackers are using them to steal data, extort ransoms or even infiltrate to company network through your phone.
With the Play Store distributing malicious apps like fake WhatsApp and malware, is downloading only from trusted Android stores still a relevant approach?
Latest variant of Fakebank Android malware adds even more functional threats to banking clients – in the form of ‘vishing’ (voice phishing). It can now intercept outgoing and incoming calls which is then redirected to scammers which allows them to pose as legitimate employees of the bank.
SMB security teams are forced to work under pressure and with limited resources due to falling IT security budgets. The situation leaves their organizations vulnerable to cyberattacks.
Farmers Insurance Hit by Third-Party Data Breach Exposing Personal Information of 1.1 Million People
A third-party data breach at Farmers Insurance has exposed the sensitive personal information of over 1.1 million people after hackers breached a vendor-managed database.
Fast food chain Chick-fil-A has experienced a data breach stemming from credential stuffing attacks using login details from a third-party source to compromise accounts.
The total cost of cybercrime jumped to $12.5 billion in 2023, and the FBI logged a record 880,418 complaints (a 10% increase from the previous year). This is in part being fed by ransomware attacks, which came close to doubling in total cost from 2022 to 2023.
The FBI warned that BlackCat ransomware had compromised 60 organizations worldwide as of March 2022 and demanded millions in ransom payment. Alert linked BlackCat to the now-defunct BlackMatter ransomware group.










