New research spike in phishing attempts since the pandemic began, leading to more frequent successful attacks and a heavier burden on corporate IT security teams to remediate incidents.
Facebook said it would proceed with “end-to-end” encryption for its WhatsApp and Messenger services, rejecting a U.S. and Attorney General William P. Barr's plea to allow government access.
Cryptocurrency theft and scams stands at $4.4 billion, the lowest it has been in two years, according to the Cryptocurrency Anti-Money Laundering Report.
A Chicago-based futures brokerage will pay $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million from a customer’s account.
A new report from Juniper Research found that the cost of data breaches will rise from $3 trillion each year to more than $5 trillion in 2024, an average annual growth of 11%.
It can be expected that costs associated with cybercrime will rise in the near to medium term and have a material impact on the global economy – while putting individual citizens’ and corporations’ important data at risk by cyber criminals. Due to the convergence of an escalation in the number of security vulnerabilities, an increase in hacker capabilities and tools as well as new legislation being enacted in the European Union, the estimated costs due to cybercrime may be conservative.
A report illustrates how cyber criminals are increasingly targeting retailers and their customers through digital and social channels as retailers leverage new channels for increased revenue opportunities.
