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Malvertising Is a Cybercrime Heavyweight, Not an Underdog

SecureWorld News

Judging a cyber threat by its name can be illusory. A stepping stone to impactful cybercrime This tactic has tangible real-world implications. A mix of social engineering, hacking, and abuse of legitimate services makes this style of online crime incredibly effective.

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BEC Is 62 Times More Profitable than Ransomware, IC3 Finds

Hot for Security

BEC/EAC is a sophisticated scam targeting both businesses and individuals performing transfers of funds,” the bureau’s cyber squad explains. That’s no small feat, considering that ransomware itself stands out as a highly profitable business in the bigger cyber-threat landscape. Losses registered in 2020 totaled $4.2

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Abagnale Kicks Off 'Vision 2023' Future-Looking Webcast

SecureWorld News

Frank Abagnale, one of the world's most respected authorities on forgery, embezzlement, secure documents, cybercrime, and scams—and subject of the 2002 movie Catch Me If You Can — kicked off Vision 2023: Looking Ahead at Cyber Threats , a half-day educational event held live and recorded on December 13th.

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Cyberthreats facing UK finance sector "a national security threat"

Malwarebytes

As the reports covering all of 2022 start trickling in, we can see that cybercrime and other types of fraud had a major impact last year. million (roughly $750 million) through authorized and unauthorized fraud and scams in the UK alone. The threat which was mentioned the most in responses to the survey was phishing.

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FBI warns of ransomware gang – What you need to know about the OnePercent group

CyberSecurity Insiders

This gang of cybercriminals targets individuals within an organization with social engineering tactics designed to fool them into opening a document from a ZIP file attached to an email. How do hackers use social engineering? How to spot their scam and protect yourself. OnePercent Group attacks. ” Conclusion.

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The Scammers’ Playbook: How Cybercriminals Get Ahold of Your Data

eSecurity Planet

Cybercrime is a growth industry like no other. There are dozens if not hundreds of types of scams out there, but we’re going to focus on the scams most likely to affect a business, such as phishing or business email compromise (BEC). of cyber attacks IBM handled. Social Tactics. billion in reported losses.

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2023: A Year of Record-Breaking Data Breaches

Identity IQ

Businesses faced constant threats with phishing scams , malware , and other tactics. This signals a new era of cybercrime where private data becomes prized currency, putting every email address and credit card number at risk. But the numbers alone tell only part of the story.