Bangladesh has initiated a lawsuit against Rizal Commercial Banking Corp for the 2016 cyber heist of US$81 million, supported by the Federal Reserve Bank of New York.
Study on 9 billion recovered login credentials shows significant password reuse which can help cybercriminals conduct credential stuffing attacks and possible account takeover.
The bubble in cyber security jobs is encouraging people to look for better opportunities at exactly the wrong time, and that may lead to the detriment of the fight against cyber crime. A new report by (ISC)2 found that a staggering 84% of cyber workers are open to new opportunities or plan to change employers in 2018.
Recent 2019 ISACA annual report shows key interesting cyber security trends which includes underreporting of cyber crimes and internal employees being the third-greatest security threat.
The problem of social media cyber crime is growing at an astonishing rate and is now a $3 billion business. According to a recent report, nearly 1 in 5 organizations worldwide are now infected by malware distributed by social media.
Crypto mining malware is now the weapon of choice for hackers worldwide. The skyrocketing prices of cryptocurrencies is driving the scale of cryptojacking attacks, and can mean very lucrative profits ranging from hundreds of dollars to twenty thousand dollars per month. Victims now include Tesla and the UK government.
Cyber insurance companies are choosing to settle things quickly with a ransom payment during ransomware attacks for fear of covering all the business interruption costs and delays of re-booting a company from scratch.
Several cybercrime gangs, including ransomware Maze and DoppelPaymer, have promised to halt their attacks on healthcare organizations during the ongoing coronavirus epidemic.