05 Feb 2019

Two hacker groups responsible for 60 percent of all publicly reported hacks

New research by Chainalysis indicates that two hacker groups, dubbed Alpha and Beta, are behind a significant majority (60%) of all reported hacks of cryptocurrency exchanges. The total amount of cryptocurrency stolen by Alpha and Beta is worth about $1 billion. Chainalysis describes Alpha as “a giant, tightly controlled organization at least

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01 Feb 2019

Employees report 23,000 phishing incidents annually, costing $4.3 million to investigate

According to a new report by Agari on email fraud, one out of every five advanced email attacks is an account takeover-based (ATO) attack. In these attacks, threat actors take control of a legitimate account, which they can then use to carry out other cybercrimes. ATO’s are hard to detect since

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31 Jan 2019

Surprising ways the government shutdown actually boosted federal cybersecurity

According to a new study by Security Scorecard, the U.S. government shutdown may not have been as bad in terms of cyber security as industry experts have been claiming. The research found improvements in terms of endpoint security and patch management during the 35-day partial shutdown. The improvements were mostly due

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31 Jan 2019

eCommerce credit card fraud is nearly an inevitability

New research by Riskified on the online shopping habits and preferences of 5,000 US consumers, shows that the older consumers get, the more likely they are to fall victim to eCommerce credit card fraud. Overall, just under half (49%) of respondents has become a victim of this type of fraud. For

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30 Jan 2019

Cyberattacks: China and Russia can disrupt US power networks warns intelligence report

According to this year’s edition of the The Worldwide Threat Assessment of the US Intelligence Community, the major cyberthreats for the US and its allies come from China and Russia. The report states that “China presents a persistent cyber espionage threat and a growing attack threat to our core military and

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30 Jan 2019

Theoretical Ransomware Attack Could Lead to Global Damages Says Report

A new report by Cambridge University, Nanyang Technological University, Lloyd’s, Aon, MSIG, and SCOR TransRe, describes the effects of a hypothetical global ransomware attack of unprecedented scale. According to the speculative cyber risk scenario, over 600,000 organizations around the globe would be impacted by a ransomware strain in less than 24 hours. The attack

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30 Jan 2019

$1.7 billion in cryptocurrency was stolen and scammed in 2018

According to a new CipherTrace report, cybercriminals obtained a whopping $1.7 billion in cryptocurrency through theft and scamming in 2018. $950 million of this was stolen from cryptocurrency exchanges, which was over 3.6 times more than the figure for 2017 ($266 million). $725 million in cryptocurrency was obtained through exit scams. Common examples of

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30 Jan 2019

57% of IT workers who get phished don’t change their password behaviors

New research by Yubico and the Ponemon Institute sheds light on the somewhat surprising security practices and concerns of IT personnel in the US, France, Germany and the UK. The most disturbing finding of the study is that 57% of respondents that had been at the receiving end of a

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25 Jan 2019

GDPR Compliance Brings Other Benefits: Cisco Study

The findings of Cisco’s 2019 Data Privacy Benchmark Study(PDF) imply that GDPR compliance has major security and other benefits for companies. Only a small majority (59%) of organizations in the study indicated that they were compliant, while 29% were set to achieve compliance within a year. Compliant organizations were less

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24 Jan 2019

Microsoft remains the most impersonated brand, Netflix phishing spikes

According to Vade Secure’s latest phishing report, the most impersonated brand in the final quarter of last year was Microsoft (again). The other brands making up the top 10 were Netflix, Paypal, Bank of America, Chase, DHL, Facebook, Docusign, Linkedin and Dropbox. Phishing messages pretending to come from Netflix increased

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