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E-commerce fraud is set to spike 18% from 2020-2021 to top $20 billion globally this year, according to the latest research from Juniper Research. The value of online losses will grow from around $17.5 billion in 2020 as scammers continue to target the growing number of internet shoppers forced online by the pandemic. According to the new report, Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2021-2025 Market Research, merchants are increasingly on the…

Republicans in Arizona still smarting after Joe Biden’s win there have hired a little-known cybersecurity consultancy to perform an election ‘audit’ in the state’s most populous county, according to reports. Florida-based Cyber Ninjas has no previous experience in managing election recounts and is run by a man who has shared conspiracy theories online about the supposed illegitimacy of the US election results last November, according to The Guardian. The report cited Doug Logan as claiming his…

A major oil drilling specialist has admitted it suffered a ransomware attack which may have led to the compromise of data belonging to current and former employees. Houston-based Gyrodata claims to be one of the world’s leading suppliers of technology and services designed to extract hydrocarbons from the earth. However, late last week it published a statement revealing the security incident, which was discovered on February 21. There’s no information on whether the ransomware itself caused…

Lane Thames, PhD and principal security researcher at Tripwire explains the challenges you might not have considered in IT/OT convergence. Spotify: https://open.spotify.com/show/5UDKiGLlzxhiGnd6FtvEnmStitcher: https://www.stitcher.com/podcast/the-tripwire-cybersecurity-podcastRSS: https://tripwire.libsyn.com/rssYouTube: https://www.youtube.com/playlist?list=PLgTfY3TXF9YKE9pUKp57pGSTaapTLpvC3 Tim Erlin: Welcome to the Tripwire Cybersecurity Podcast. I’m Tim Erlin, vice president of product management and strategy at Tripwire. I am joined by Lane Thames, principal security researcher at Tripwire. Today, we’re going to talk about industrial cybersecurity and the IT-OT divide that we see in the industry. Lane…

So, your computer screen has been hijacked by ransomware and the criminals behind the attack are demanding money to return your systems. Now what? That’s a question countless organisations are asking themselves nowadays, with attacks increasing and, according to Mimecast’s The State of Email Security Report 2020, organisations suffering three days of downtime on average following a ransomware attack. If you think that doesn’t sound so bad, the true scale of the issue is much…