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2023: A Year of Record-Breaking Data Breaches

Identity IQ

2023: A Year of Record-Breaking Data Breaches IdentityIQ This past year has been an eye-opening year in the realm of digital security. Data breaches reached an all-time high, leaving a trail of identity theft cases. Breaches cripple businesses, harming their reputations as well as their finances.

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Cyber Attack on France’s website leads to data breach

CyberSecurity Insiders

A sophisticated cyber attack launched on the visa website of French government has led to a data breach where sensitive info related to applicants such as nationalities, birth dates and passport numbers were exposed to hackers. Usually, in a ransomware attack, hackers steal data and then encrypt the database until a ransom is paid.

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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 billion.”. “The

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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.

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Saudi Ministry exposed sensitive data for 15 months

Security Affairs

file exposed information that attackers could employ for lateral movement within the ministry’s systems, potentially escalating to anything from account takeover to a ransomware attack. Cybercriminals may exploit the leaked credentials to gain initial access to government systems and launch ransomware attacks.

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Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Krebs on Security

authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. As it happens, Plex announced its own data breach one day before LastPass disclosed its initial August intrusion. 9, 2024, U.S. Twilio disclosed in Aug.

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Australia Recorded the Highest Rate of iOS & Android App Threats

Appknox

Mobile devices pave the way to launch ransomware attacks on Australian businesses of every scale and domain. Thus, these Australian attacks significantly contribute to the rising trend in socially engineered attacks. Almost 75% of data breach originators have gone completely scot-free and remain anonymous.