Adam Levin

JULY 8, 2020

All of these can be extinction-level events. A recent domain hijack of Japanese cryptocurrency exchange Coincheck.com was used to spoof the company in a spear-phishing campaign. In 2015, Chinese hackers redirected the hijacked ShadesDaddy.com to a site selling counterfeit merchandise.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

BH Consulting

JUNE 13, 2023

Target the human, swipe the cash: Verizon DBIR 2023 highlights crime trends Manage the human risk and mind your money: those are two key takeaways from Verizon’s 2023 Data Breach Investigations Report. Phishing frauds involving email, text messages and video were up by 417 per cent in the same time period.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. So Isn’t BEC Just Another Form of Phishing? It’s Time to Do Something.

Scams 130

Scams Identity Theft Phishing Accountability 130

SecureList

NOVEMBER 9, 2022

Phishing attacks are going to become even more sophisticated, since a lot of basic tactics have already been tried this year, and businesses learned to repel those. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

Malwarebytes

SEPTEMBER 30, 2022

Cyber Resilience Review (CRR) : The CRR assessment evaluates your organization’s operational resilience and cybersecurity practices. Phishing Campaign Assessment (PCA) : Evaluates an organization’s susceptibility and reaction to phishing emails. Take cyber insurance , for example.

Government 57

Government Cybersecurity Cyber Insurance Insurance 57

SecureWorld News

JANUARY 21, 2024

Phishing attacks, for instance, are extremely common: these are deceptive emails or messages designed to steal data. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release. Because of this, it's crucial to understand the types of threats nonprofits face.

Cybersecurity 92

Cybersecurity Backups Cyber threats Software 92

Security Affairs

FEBRUARY 8, 2024

Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45

Social Engineering 120

Social Engineering Cyber Insurance Cyber Attacks IoT 120

Duo's Security Blog

JUNE 21, 2021

According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering. Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance?

Insurance 99

Insurance Cyber Insurance Data breaches Social Engineering 99

Krebs on Security

JULY 24, 2018

Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 Now the financial institution is suing its insurance provider for refusing to fully cover the losses. million total. for both intrusions,” the bank said in its lawsuit.

Banking 190

Banking Insurance Computers and Electronics Cyber Insurance 190

Malwarebytes

SEPTEMBER 14, 2022

There are three big ones: Phishing : If you have a DNS filter, as soon as someone in your business clicks a link to a malicious website, they’re prevented from visiting it. Bonus: Cyber insurance. Without cyber insurance, you can expect to pay a dizzying amount of cash. Let’s recap.

Technology 63

Technology DNS Cyber Insurance Insurance 63

Spinone

OCTOBER 13, 2020

In IBM’s Cost of a Data Breach Report 2019 cited the following: Lost business is the biggest contributor to data breach costs The average cost of lost business in 2019 was $1.42 There is no question that ransomware found in SPAM/phishing emails are one of the main threat vectors for a ransomware infection.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

SC Magazine

MARCH 29, 2021

Traditionally that has meant phishing lures, credential theft and other low-effort pathways, but some observers point to episodes like the recent weaponization of the Microsoft Exchange vulnerabilities by multiple ransomware groups and worry that attacks at the application software level could become a more attractive option in the near future.

Software 120

Software Hacking Government Cyber Insurance 120