Over 95,000 United States consumers lost money to social media scams in 2021. The most common type of scam involves online shopping, but the largest individual losses were caused by investment scams.
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.
The FTX recovery team says that it has recovered about $5 billion at this point, but that a significant portion of the remaining shortfall is due to almost half a billion in stolen crypto.
European oil terminals are reporting recent cyber attacks that have disrupted operations, collectively impacting port operations throughout Europe and Africa. Timing of cyber attacks in Europe raises questions about coordinated campaign.
Fujitsu is investigating a cyber attack that potentially leaked sensitive personal information after its work computers were infected by malware.
Security incidents happen; that’s just reality. But how a company decides to handle an event says more about their values and priorities than their product. The recent Okta compromise reminds us of the damage inflicted when there is a lack of transparency between a security vendor and its customers.
Today there's a big difference between safety and security. But in the coming era of autonomous vehicles, there will be no difference between the two as electronic security becomes more important.
Dark web forum posts indicate that low- or even no-skill threat actors have figured out how to manipulate ChatGPT instructions to get it to produce basic but viable malware.
The new Bipartisan Infrastructure Law as well as the American Rescue Plan Act allocated government funding for cybersecurity efforts, but public entities to date have not moved as quickly as most consider prudent. That appears to be changing.
Philippines-based Funnull Technology, along with one of its administrators, has been hit with OFAC sanctions for its role as a knowing infrastructure provider for hundreds of thousands of malicious sites engaging in cyber scams.
Pro-Russian hacktivists breached the Idaho nuclear lab and stole sensitive employee data after compromising a federally-approved third-party vendor system.










