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Online market for counterfeit goods in Russia has reached $1,5 billion

Security Affairs

Group-IB: The online market for counterfeit goods in Russia has reached $1,5 billion, while the number of phishing attacks has surpassed 1,200 daily. Group-IB, an international company that specialises in the prevention of cyber attacks, has estimated that online sales of counterfeit goods are now worth $1.5 billion in 2016.

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AON ACQUIRES CYTELLIGENCE, A LEADING INTERNATIONAL CYBER SECURITY FIRM WITH DEEP EXPERTISE IN CYBER INCIDENT RESPONSE AND DIGITAL FORENSIC INVESTIGATIONS

Cytelligence

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

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NEW TECH: LogicHub introduces ‘virtualized’ security analysts to help elevate SOAR

The Last Watchdog

I first spoke to Kumar Saurabh, LogicHub’s co-founder and CEO, not long after the company launched in 2016. For example, SOAR solutions must improve at detecting what’s referred to as “ living off the land ” cyber attacks. One SOAR innovator that has been gaining steady traction is Mountain View, Calif.-based based LogicHub.

Big data 159
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Survey Says…Cybersecurity Remains A Critical Challenge For Business

Privacy and Cybersecurity Law

These low results for cyber preparedness and resiliency present a significant risk for business. Organizations must be better prepared for cybersecurity incidents, which can result from unintentional events or deliberate attacks by insiders or third parties, such as cyber criminals, competitors, nation-states, and “hacktivists.”

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Two hacker groups attacked Russian banks posing as the Central Bank of Russia

Security Affairs

A spear-phishing campaign set up to look like it was carried out by the Central Bank is a relatively widespread vector of attack among cyber criminals; it has been used by groups such as Buhtrap, Anunak , Cobalt , and Lurk. In March 2016, for example, cybercriminals sent phishing emails from info@fincert.net. About Silence.

Banking 98
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MY TAKE: SMBs can do much more to repel ransomware, dilute disinformation campaigns

The Last Watchdog

However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. Related: Free tools that can help protect elections I had a deep discussion about this with Todd Weller, chief strategy officer at Bandura Cyber.

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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Company Sector Year Status Verodin Cybersecurity analytics 2018 Acquired by FireEye Kenna Security Risk management 2018 Acquired by Cisco PhishMe Incident response 2016 Acquired: P.E. Also read : Addressing Remote Desktop Attacks and Security. BVP Investments. Evolution Equity Partners. Insight Partners. Lightspeed Venture Partners.