Remove Accountability Remove Cyber Insurance Remove Insurance Remove Scams
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You’ve Never Heard of the C-Suite Targeting Scam, but It’s a Killer

Adam Levin

billion, or roughly half, of the total losses in 2019 were attributed to generic email account compromise (EAC) complaints. Taking into account unknowables, we’re talking about a ballpark cost of roughly $75,000 per BEC-related complaint. That is exponentially more expensive than other cyber events.

Scams 130
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A week in security (April 25 – May 1)

Malwarebytes

Hospitals taken offline after cyberattack Emotet fixes bug in code, resumes spam campaign “Reject All” cookie consent button is coming to European Google Search and YouTube What’s happening in the world of personal cyber insurance? URGENT BUSINESS PROPOSAL!!!”

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A week in security (July 4 – July 10)

Malwarebytes

TikTok is “unacceptable security risk” and should be removed from app stores, says FCC Google to delete location data of trips to abortion clinics IconBurst software supply chain attack offers malicious versions of NPM packages Discord Shame channel goes phishing Verified Twitter accounts phished via hate speech warnings Apple Lockdown (..)

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Cyberthreats facing UK finance sector "a national security threat"

Malwarebytes

million (roughly $750 million) through authorized and unauthorized fraud and scams in the UK alone. ” Another report, called the ‘ State of cyber security in the UK ’, surveyed 500 UK-based cybersecurity strategy decision makers. Blocking scam text messages. Unauthorized payment card fraud. How can we help?

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Developing Your Business Email Compromise (BEC) Incident Response Plan

SecureWorld News

The Business Email Compromise (BEC) scam is one of the simplest and most damaging attacks businesses can face with losses ranging from hundreds to millions of dollars. According to the Federal Bureau of Investigation (FBI), losses due to BEC scams since 2013 total around $28 billion dollars and it is the most profitable cybercrime there is.

Scams 82
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School Cyberattack Aftermath: What Happens to Kids' Data?

SecureWorld News

Other children had been successfully signed up for an electric company account. The school district’s cyber insurance provided free credit monitoring, but many parents were still puzzled by how to report the problem and what steps they should take next to protect their children. Besides that … there is precious little they can.

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Security Roundup June 2023

BH Consulting

Finance fraud and phishing scams increase in Ireland, too Financial fraud and scams in Ireland have risen by 560 per cent in three years. It said the criminals often take over victims’ accounts and empty them of funds. The story also tracks a big increase in investment frauds, romance frauds and online auction scams since 2019.