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FBI: Victims lost nearly $7 billion to cybercrime in 2021

CSO Magazine

A new report released by the FBI's Internet Crime Complaint Center (IC3) shows that financial losses due to suspected cybercrime continued to rise sharply over the course of 2021, to a total of $6.9 billion in that year alone, with 847,000 complaints lodged by victims. billion, on 301,580 complaints.

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Top cybersecurity statistics, trends, and facts

CSO Magazine

2021 has been a banner year for cybercriminals, they have taken advantage of the COVID-19 pandemic and the increase in remote work, attacking both technical and social vulnerabilities. Get the latest from CSO by signing up for our newsletters. ] Piled on top of that is a growing wave of ransomware and software supply chain attacks. .

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Meet the 2021 SC Awards judges

SC Magazine

For 2021, the judges took on a record number of submissions, identifying which products, people and companies stood out during a tumultuous year. Click here to see the full list of 2021 SC Award finalists. The post Meet the 2021 SC Awards judges appeared first on SC Media. He was also director of the SANS Internet Storm Center.

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BrandPost: Financial Services Malware Just Won’t Die. What to Do About It.

CSO Magazine

“Emotet has been one of the most professional and long-lasting cybercrime services out there,” according to Europol. It was thought the malware, first discovered in 2014, had been vanquished by law enforcement agencies from eight countries in January 2021. However, it reportedly resurfaced this past November.

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BrandPost: Is MFA the Vegetable of Cybersecurity?

CSO Magazine

Cybercrime is predicted to cost the world $10.5 trillion annually by 2025, up from $3 trillion a decade ago and $6 trillion in 2021. [2] And yet, the CDC reports that only 10% of American adults eat enough veggies — even though they likely know they should. [1] 1] Companies are the same when it comes to security.

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North Korean threat actor APT43 pivots back to strategic cyberespionage

CSO Magazine

However, another team that security researchers call APT43, Kimsuky, or Thallium has been carrying out cyberespionage and cybercrime operations at the behest of the North Korean government since at least 2018.

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BrandPost: Does Your Cybersecurity Software Have These Key Features?

CSO Magazine

According to the Federal Bureau of Investigation, the cost of cybercrime totaled more than USD 6.9 billion in 2021 alone. By Microsoft Security The threat landscape is more sophisticated than ever, and damages have soared as cybercriminals become smarter and their attacks grow savvier.