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Darktrace today revealed a surge in retail cyberattacks at the opening of the 2024 holiday shopping season. Brands, particularly major retailers like those analyzed, invest significantly in protecting themselves and their customers from scams and cyberattacks, and often step up those measures for the holiday period.
Allegedly orchestrated by the same group known as Scattered Spider, these attacks highlight the significant challenges even the most respected and established brands face in defending against modern cyber threats. Then, the focus of cyberattacks on retailers, and what lessons must be learned by business leaders and customers.
Additionally, complex supply chains and franchise models create sprawling attack surfaces. The average breach in the retail sector costs $2.9 You must equip your staff with the knowledge to recognize phishing attempts, social engineering ploys, and other common cyber threats through regular, targeted training sessions.
In a matter of days, three major cybersecurity incidents have hit the retail and financial services sectors, drawing renewed attention to supply chain vulnerabilities, credential-based attacks, and the increasing value of non-financial customer data. These may well represent supply chain attacks on high-net-worth individuals.
Cyber Security firm DarkTrace that uses the technology of Artificial Intelligence to track down cyber threats is nowadays busy protecting the computer network of British Fashion retailer Ted Baker. Note 2- Established in 2013, Darktrace is a British American company that helps protect its users from various cyberattacks.
million from the European variety retail and discount company Pepco through a phishingattack. The Hungarian business of the European discount retailer Pepco Group has been the victim of a phishingattack, crooks stole about 15 million euros ($16.3 Crooks stole €15.5
Are Retailers Shopping for a Cybersecurity Breach? What would the consequences be if such an event happens were to happen on Black Friday, Cyber Monday, or during the holiday shopping season? Retailers started the century as the prime targets for cyberattackers looking for credit card data.
Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. This increase is likely driven by high employee turnover and easy access to phishing kits. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model.
The crooks responsible for launching phishing campaigns that netted dozens of employees and more than 100 computer systems last month at Wipro , India’s third-largest IT outsourcing firm, also appear to have targeted a number of other competing providers, including Infosys and Cognizant , new evidence suggests. Image: urlscan.io.
The first campaign started in December last year when the hackers sent phishing emails laced with malicious links to over 247 organizations hailing from US and APAC nations. Out of which 74 of them fell as easy targets to the cyber crooks.
The company immediately reported the incident to the relevant data protection supervisory authorities and the National Cyber Security Centre. The company did not share technical details about the attack. M&S is a major British multinational retailer headquartered in London.
At the same time you may have been browsing through assorted home items, an internal cyberattack plagued the retail company's security team. Malicious hackers used hijacked reply-chain emails to cause disruption through a phishingattack, according to a story broke by Bleeping Computer.
CISA adds SonicWall SMA100 and Apache HTTP Server flaws to its Known Exploited Vulnerabilities catalog Pro-Russia hacktivist group NoName057(16) is targeting Dutch organizations FBI shared a list of phishing domains associated with the LabHost PhaaS platform Canadian electric utility Nova Scotia Power and parent company Emera suffered a cyberattack (..)
VISA is warning of ongoing targeted cyberattacks conducted by crooks on point-of-sale (POS) systems of North American fuel dispenser merchants. According to a security alert published by VISA, the PoS systems of North American fuel dispenser merchants are under attack. ” reads the alert. Pierluigi Paganini.
The Retail Data Threat Environment and Why CIAM is a Key Cornerstone to Better Cybersecurity. madhav Thu, 05/11/2023 - 06:06 The retail landscape has changed significantly. Customers should be aware of the existing threats, while retailers must understand the risks associated with poor management of customer identities.
What began over 125 years ago is now an organization that powers a country, operating 1,500 retail stores and stations across ANZ, plus 89 depots for refining and importing fuels and lubricants, and 8,200 employees throughout Australia, New Zealand, the United States, and Singapore. Improved efficiency and threat detection with Cisco SecureX.
Generative AI sustains sophisticated, multi-channel social engineering for phishing campaigns to gain access privileges to critical infrastructure. A decade after the Ukraine blackout began with a spear-phishing email, social engineering remains potent. Critical infrastructure is particularly vulnerable at a device level.
House banned WhatsApp on government devices due to security concerns Russia-linked APT28 use Signal chats to target Ukraine official with malware China-linked APT Salt Typhoon targets Canadian Telecom companies U.S.
Electronics retail giant MediaMarkt was hit by a ransomware attack that disrupted store operations in the Netherlands and Germany. It is not possible to collect or return the products due to the cyberattack. “The cash registers can only scan and accept physical products from the stores.
Australian firm Latitude Financial Services is hitting news headlines as a cyberattack on its servers has led to the data breach of 225,000 customers. Among the stolen data, a majority of the documents are related to driving licenses, employee login details, and such. The company which has over 2.8
Microsoft Threat Intelligence Team has made it official that Vice Society, a hacking group, is behind multiple ransomware attacks that were being targeted at education, government and retail sectors.
officials Shields up US retailers. Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press. US Government officials targeted with texts and AI-generated deepfake voice messages impersonating senior U.S. Scattered Spider threat actors can target them U.S.
Pepco Group, a leading European retailer, recently disclosed a significant financial loss due to a phishingattack on its Hungarian operations. The incident, which led to a €15 million setback, sparks a conversation about the sophistication of cyber-attacks and the measures companies must take to protect themselves.
Our insights are relevant across industries, highlighting how these attackers deliberately probe for defense weaknesses and prey on organizations struggling to keep up with the ever-increasing pace of cyberattacks. This allows them to respond freely and advance their attack.
Group-IB: The online market for counterfeit goods in Russia has reached $1,5 billion, while the number of phishingattacks has surpassed 1,200 daily. Group-IB, an international company that specialises in the prevention of cyberattacks, has estimated that online sales of counterfeit goods are now worth $1.5
As long as cyberattacks continue, financial institutions will remain a prime target, for obvious reasons. Yet, they are much less well equipped to detect and repel cyberattackers, who are relentlessly seeking out and exploiting the fresh attack vectors spinning out of expansion of mobile banking.
Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. This increase is likely driven by high employee turnover and easy access to phishing kits. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model.
Having such data and knowing the interests and preferences of potential victims – will be extremely useful for further hypothetical and future phishing and targeted campaigns. May 2018 – Ticketfly , the indie-focused ticketing service that was purchased by Eventbrite, had also suffered a cyberattack.
Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini. SecurityAffairs – hacking, newsletter). The post Security Affairs newsletter Round 352 appeared first on Security Affairs.
London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5
A mysterious group of hackers carried out a series of cyberattacks against Croatian government agencies, infecting employees with a new piece of malware tracked as SilentTrinity. The SilentTrinity malware can take control over an infected computer, it allows attackers to execute arbitrary commands.
Phishing scams use it to compromise networks. They spot unwanted traffic such as spam, phishing expeditions, malware, and scams. A good email gateway will contain most of the following features: Identify and filter spam, viruses, phishing and malware from URLs or attachments. Key Features of Secure Email Gateways.
Information Commissioner’s Office (ICO) has launched an investigation into the incident and has asked TrustFord to approach a security firm to access the effect of the cyberattack on the internal IT systems. And from here, the ransomware gangs buy the data, to launch more file-encrypting malware attacks. .
ransomware builder used by multiple threat actors Cisco fixes 3 high-severity DoS flaws in NX-OS and FXOS software Cybercrime Unpacking the MOVEit Breach: Statistics and Analysis Cl0p Ups The Ante With Massive MOVEit Transfer Supply-Chain Exploit FBI, Partners Dismantle Qakbot Infrastructure in Multinational Cyber Takedown U.S.
More threats were detected on iOS than Android devices; 68% of Australian CISOs expect their organization to suffer a material cyber-attack within the next year. Mobile devices pave the way to launch ransomware attacks on Australian businesses of every scale and domain. Common Trends Among the Australian Mobile Threats.
BadMagic: new APT related to the Russo-Ukrainian conflict Since the start of the Russo-Ukrainian conflict, we have identified a significant number of geo-political cyber-attacks, as outlined in our overview of the cyber-attacks related to the conflict. The threat actor uses social engineering to infect a PoS terminal.
The non-profit Identify Theft Resource Center's most recent data breach analysis supports this observation, showing a decline in the number of victims per compromise, indicating a rise in targeted attacks." Ransomware gangs can use AI-based tools to analyze the sensitive personal information gained from these attacks.
Strong authentication is the key to eliminate a large percentage of cyber-attacks, including those based on stolen credentials and subsequent credential stuffing. The retail sector, especially, is a lucrative target for credential stuffing attacks , resulting in billions lost every year. Compliance with PSD2.
But those who are ready to be blasé about breaches may be overlooking the role that leaked and stolen data plays in other, more serious problems such as targeted cyberattacks. Report: Critical Infrastructure CyberAttacks A Global Crisis. Waiting for Federal Data Privacy Reform? Don’t Hold Your Breath.
Securing SMB Success: The Indispensable Role of Protective DNS Cyberattacks pose as much risk to small and medium-sized businesses (SMBs) as they do to large organizations — if not more. Implementing a Domain Name Service (DNS) security solution is the most efficient way to protect your business against a wide variety of attacks.
Unfortunately, the increasing reliance on digital systems and capabilities has also attracted an ever-growing number of malicious actors seeking to defraud businesses through phishing , social engineering , or ransomware attacks. The end result of these types of cyberattacks are often highly public and damaging data breaches.
These quick pivots led to the rapid adoption of digital transformation, putting entire enterprises at high risk for cyber-attacks, as many cybersecurity practices and policies were not scaled to the challenge. Today, cybersecurity must be a leading business priority for companies of any size. Originally posted on innovatingcanada.ca.
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