Cybercrime Losses Triple to £1.3bn in 1H 2021

Cybercrime Losses Triple to £1.3bn in 1H 2021

Individuals and organizations lost three times more money to cybercrime and fraud in the first half of the year compared to the same period in 2020, as incidents soared, according to new figures. The data comes from the National Fraud Intelligence Bureau (NFIB), which collects reports of cybercrime and fraud from Action Fraud, the UK’s national reporting center for such crimes. It revealed that between January 1 and July 31 2020, victims lost £414.7m to…

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Tech CEOs to Discuss Cybersecurity with Biden Today

Tech CEOs to Discuss Cybersecurity with Biden Today

The CEOs of some of the world’s biggest tech companies are set to meet President Biden today to discuss how their products can improve the security of America’s businesses and critical infrastructure providers, according to a report. Apple boss Tim Cook, Amazon CEO Andy Jassy and Microsoft supremo Satya Nadella are attending the meeting. At the same time, the CEOs of Google, IBM, JP Morgan Chase and utility firm Southern Co have also been invited,…

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The attack cycle, mass shootings and lone wolves: What companies should know

The attack cycle, mass shootings and lone wolves: What companies should know

The attack cycle, mass shootings and lone wolves: What companies should know | 2021-08-25 | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy…

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Four ways SMBs can protect themselves from cybersecurity threats

Four ways SMBs can protect themselves from cybersecurity threats

Four ways SMBs can protect themselves from cybersecurity threats | 2021-08-25 | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more….

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Cyber-thieves Scam New Hampshire Town Out of $2.3m

Cyber-thieves Scam New Hampshire Town Out of .3m

A New Hampshire town is reeling from the “very shocking” cybercrime that claimed more than 14% of its annual budget. Peterborough is a 7,000-person town with a budget for the fiscal year of just over $15.8m. Cyber-thieves conned the town out of $2.3m through two business email compromise (BEC) scams.  First the criminals used forged documents and compromised email accounts to pose as staff at the local school district. This enabled them to divert a million-dollar transfer…

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FBI Issues Ransomware Group Flash Alert

FBI Issues Ransomware Group Flash Alert

The Federal Bureau of Investigation’s Cyber Division has issued a flash warning over an organized cyber-criminal gang calling itself OnePercent Group.  In a TLP: WHITE alert published Monday, the FBI said the group has been targeting companies in the United States since November 2020.  OnePercent’s modus operandi is to use the threat emulation software Cobalt Strike to perpetuate ransomware attacks. The infection process begins in the victim’s inbox. “OnePercent Group actors compromised victims through a phishing email in which an attachment is…

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Don’t get rugged: DeFi scams go from zero to $129 million in a year to become top financial hack

Don’t get rugged: DeFi scams go from zero to 9 million in a year to become top financial hack

Atlas VPN’s analysis finds that theft within decentralized finance networks is taking in more money than phishing and ransomware attacks. Image: ValeryBrozhinsky, Getty Images/iStockphoto Criminals are modernizing classic investment scam tactics and bringing them to the world of DeFi where there are no rules or regulations to protect investors. Atlas VPN analyzed financial hacks over the last two-and-a-half years and found that DeFi hacks represent 76% of all major hacks for the first half of…

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US Signs Cybersecurity Agreements with Singapore

US Signs Cybersecurity Agreements with Singapore

The United States and Singapore have agreed to cooperate on cybersecurity and climate change issues. On August 23, Singapore’s prime minister, Lee Hsien Loong, announced that three cybersecurity agreements had been signed by the cyber, defense, and finance agencies of both countries.  The announcement was made during a visit to Singapore by US vice president Kamala Harris. On Monday, Loong and Harris spent 90 minutes together in a meeting that Harris described as “productive.” Speaking at a…

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Anomali Cyber Watch: ProxyShell Being Exploited to Install Webshells and Ransomware, Neurevt Trojan Targeting Mexican Users, Secret Terrorist Watchlist Exposed, and More

Anomali Cyber Watch: ProxyShell Being Exploited to Install Webshells and Ransomware, Neurevt Trojan Targeting Mexican Users, Secret Terrorist Watchlist Exposed, and More

The various threat intelligence stories in this iteration of the Anomali Cyber Watch discuss the following topics: APT37 (InkySquid), BlueLight, Ransomware, T-Mobile Data Breach, Critical Vulnerabilities, IoT, Kalay, Neurevt, and ProxyShell. The IOCs related to these stories are attached to Anomali Cyber Watch and can be used to check your logs for potential malicious activity. Figure 1 – IOC Summary Charts. These charts summarize the IOCs attached to this magazine and provide a glimpse of…

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