Remove Cyber threats Remove Identity Theft Remove Ransomware Remove Social Engineering
article thumbnail

BEC Is 62 Times More Profitable than Ransomware, IC3 Finds

Hot for Security

The FBI’s Internet Crime Complaint Center (IC3) is out with its annual Internet Crime Report, revealing that Business Email Compromise (BEC) remains a lucrative affair for cyber crooks – 62 times more lucrative than ransomware. On the ransomware front, the IC3 received 2,474 complaints with adjusted losses of over $29.1

article thumbnail

2023: A Year of Record-Breaking Data Breaches

Identity IQ

Data breaches reached an all-time high, leaving a trail of identity theft cases. This has left victims scrambling to understand the extent of the damage and how to help protect themselves against the evolving threat of identity theft. Microsoft Cloud Email Breach: A major Microsoft cloud email breach affected U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What do Cyber Threat Actors do with your information?

Zigrin Security

Malware and Ransomware Malware, short for malicious software, is a broad term that encompasses various types of software designed to harm or gain unauthorized access to systems. Ransomware on the other hand encrypts victims’ data and demands a ransom in exchange for the decryption key. Share it with your friends.

article thumbnail

What Is The Dark Web?

Cytelligence

While the dark web has many legitimate uses, such as providing a platform for political dissidents and whistleblowers to share information safely, it is also a breeding ground for illegal activities such as drug trafficking, hacking, and identity theft. As a result, it poses a significant threat to consumers and businesses alike.

article thumbnail

Security Roundup May 2023

BH Consulting

Say it again, I double dare you Anyone familiar with phishing and social engineering will know scammers often use psychological tricks to get victims to divulge personal data. Repetition can lead people to over-disclose information, that could then put them at risk of identity theft and cybercrime.

article thumbnail

Top 5 Industries Most Vulnerable to Data Breaches in 2023

Security Boulevard

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 cyber attacks are often highly public and damaging data breaches.

article thumbnail

GUEST ESSAY. Everyone should grasp these facts about cyber threats that plague digital commerce

The Last Watchdog

Cybercriminals often leverage social engineering tactics like phishing and spear-phishing to propagate sophisticated malware. Malware can be categorized based on how it behaves (adware, spyware and ransomware), and how it propagates from one victim to another (viruses, worms and trojans). Ransomware. Common types.