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Those days are behind us, however, as cybercrime is establishing itself as a business in and of itself. Cyber attack instances are steeply rising across all sectors , leaving even the FBI to issue a bulletin about business email compromise (BEC) – the $43 billion scam.
is a vertically integrated electric utility serving the province of Nova Scotia, Canada. Its operations encompass generation, transmission, and distribution of electricity, utilizing a diverse mix of energy sources including coal, natural gas, hydroelectric, wind, tidal, oil, and biomass. or Caribbean utilities.
is a vertically integrated electric utility serving the province of Nova Scotia, Canada. Its operations encompass generation, transmission, and distribution of electricity, utilizing a diverse mix of energy sources including coal, natural gas, hydroelectric, wind, tidal, oil, and biomass. or Caribbean utilities.
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). In 2021 alone, IC3 received 847,376 complaints which amounted to $6.9
In general, we’ve observed hacktivists in the Russo-Ukrainian conflict become more skilled and more focused on attacking large organizations such as government, manufacturing and energy entities. However, one especially notable supply chain attack in 2024 was the XZ Utils backdoor, which we covered in a three-part blog post.
However, one recently introduced UK cybersecurity law, which was meant to boost the resilience of the UK's energy sector by obliging gas and electricity firms to report to hacks, doesn't appear to be very effectively adopted. ISPs, utilities) and energy sector firms (i.e. Cybercrime to cost over $10 Trillion by 2025.
Cybercrime will go to the next level: Cyberattackers will implement improved skills, “shift left” attacks, and shifting strategies to adjust to evolving cyberdefense. AI-Powered Cybercrime Despite the advancements in using AI to improve security, cybercriminals also have access to AI and LLMs.
I’ve always believed that the best way to build a strong cybersecurity program is to utilize all the data. Cybersecurity programs that educate your entire team on general information security tactics – including recognizing and addressing phishing scams – are essential. Ransomeware-as-a-Service.
Revelations linked Chinese intelligence to contractors, Russian GRU officers to data destruction, and Iranian APTs to cybercrime collaboration. water utility, highlights the escalating threat to critical infrastructure. Amlani Ajay Amlani , President & Head of the Americas, iProov Remember KnowBe4’s 2024 deepfake hiring scam?
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