Cybercrime outfits are increasingly shifting to highly structured and advanced fraud operations, with "scams-as-a-service" models that reflect the similar offerings for other attack types such as ransomware.
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.
Microsoft has banned the developer accounts of high-profile open-source projects, leaving them unable to publish software updates, exposing Windows users to various cyber threats.
Millennials, a tech-savvy bunch often on the go, tend to kick caution to the curb when it comes to protecting personal information as growing up with technology often creates a false sense of security.
Phishing scam perpetrated by attackers posing as vendors cheated the school district of approximately $2.3 million before the business compromise scheme was discovered about a month later.
Researchers warn about the return of Emotet malware through TrickBot's infrastructure and a new phishing campaign through infected email attachments after a year of inactivity.
DeFi platform Qubit finance lost $80 million after hackers leveraged a logical flow to deposit 0 ETH to withdraw 206,809 Binance coins. Platform implored the hackers to return the funds or transform the exploit into a bug bounty.
As businesses increasingly rely on Microsoft 365, ensuring the security of data and communications within the suite becomes a critical concern.
The reduction in CISA’s budget and workforce comes at a time when cyber threats are increasing in volume and sophistication. Private sector teams and state and local agencies must now take the lead in defending their assets.
More than 3,000 #cybersecurity specialists and 1,258 algorithmic models worked 24 hours around the clock to fend off 2.2 billion cyber attacks on Singles Day. Just another day's work for Alibaba defending 300 million hacking attempts per day.
APTs are widely known for remaining undetected, fooling defensive tools and security tactics. IT and security teams must adopt a new approach to address this specific type of risk, one that provides long-term and constantly adapting security to address shifting tactics and unusual network behavior.










