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Europol Warns Criminal Networks Are Embracing AI, Making Fraud Smarter and Harder to Detect

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Europol Warns Criminal Networks Are Embracing AI, Making Fraud Smarter and Harder to Detect

Image: DC_Studio/Envato Elements Organised crime gangs are using artificial intelligence for fraud, data theft, and money laundering, according to a new report by Europol. The European law enforcement agency revealed the extent to which criminals are exploiting the technology and said it has “fundamentally reshaped the organised crime landscape.” “The same qualities that make AI revolutionary — accessibility, adaptability and sophistication — also make it a powerful tool for criminal networks,” the authors wrote in…

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Women in Cyber Security on the Rise, But Facing More Layoffs and Budget Cuts Than Men

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Women in Cyber Security on the Rise, But Facing More Layoffs and Budget Cuts Than Men

Gender diversity in cybersecurity is slowly improving but inequities continue—a new report finds that the field has 5% more women than in 2023, but that they’re more exposed to other workplace challenges than male counterparts. About 32% of women respondents said their organizations experienced security layoffs over the last year compared to just 23% of male respondents. For Women’s History Month this March, ISC2 delved deeper into data collected for its 2024 Cybersecurity Workforce Study….

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Darktrace: 96% of Phishing Attacks in 2024 Exploited Trusted Domains

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Darktrace: 96% of Phishing Attacks in 2024 Exploited Trusted Domains

Threat actors are increasingly targeting trusted business platforms such as Dropbox, SharePoint, and QuickBooks in their phishing email campaigns and leveraging legitimate domains to bypass security measures, a new report released today has found. By embedding sender addresses or payload links within legitimate domains, attackers evade traditional detection methods and deceive unsuspecting users. According to Darktrace’s Annual Threat Report 2024, the authors detected more than 30.4 million phishing emails, reinforcing phishing as the preferred attack…

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Ransomware Payments Decreased by 35% in 2024

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Ransomware Payments Decreased by 35% in 2024

Ransomware payments took an unexpected plunge in 2024, dropping 35% to approximately $813.55 million — despite payouts surpassing $1 billion for the first time in 2023. The decline was largely driven by a series of successful law enforcement takedowns and improved cyber hygiene, which enabled more victims to refuse payment, according to blockchain platform Chainalysis. The drop came as a surprise, considering the upward trend seen earlier in the year. In fact, ransomware actors extorted…

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AI-Assisted Attacks Top Cyber Threat For Third Consecutive Quarter, Gartner Finds

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AI-Assisted Attacks Top Cyber Threat For Third Consecutive Quarter, Gartner Finds

For the third consecutive quarter, Gartner has found that cyber attacks staged using artificial intelligence are the biggest risk for enterprises. The consulting firm surveyed 286 senior risk and assurance executives from July through September, and 80% cited AI-enhanced malicious attacks as the top threat they were concerned about. This isn’t surprising, as evidence suggests AI-assisted attacks are on the rise. Other commonly cited emerging risks outlined in the report include AI-assisted misinformation, escalating political…

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Number of Active Ransomware Groups Highest on Record

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Number of Active Ransomware Groups Highest on Record

This year has seen the highest number of active ransomware groups on record, with 58 attacking global businesses in the second quarter. Threat intelligence platform provider Cyberint has reported only a slight dip in the third quarter, with 57 active groups. Furthermore, in Q3, the top 10 ransomware groups were responsible for only 58.3% of all detected attacks. This reflects both the increase in the number of active groups in general and a decline in…

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99% of UK Businesses Faced Cyber Attacks in the Last Year

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99% of UK Businesses Faced Cyber Attacks in the Last Year

Nearly all businesses with at least 2,000 employees were breached by cyber attackers in the last 12 months, a new report has found. The biggest risk factor, cited by 46%, was remote and hybrid workers. Dispersed workforces raise the risk of data breaches by elying on unsecured networks and personal devices, and ensuring security protocols across multiple locations while managing access presents significant challenges for IT teams. “Where policies are inconsistent, they can create gaps…

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20% of Generative AI ‘Jailbreak’ Attacks are Successful

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20% of Generative AI ‘Jailbreak’ Attacks are Successful

Generative AI jailbreak attacks, where models are instructed to ignore their safeguards, succeed 20% of the time, research has found. On average, adversaries need just 42 seconds and five interactions to break through. In some cases, attacks occur in as little as four seconds. These findings both highlight the significant vulnerabilities in current GenAI algorithms and the difficulty in preventing exploitations in real time. Of the successful attacks, 90% lead to sensitive data leaks, according…

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Email Attacks a Problem for National Infrastructure Companies

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Email Attacks a Problem for National Infrastructure Companies

Cyber attackers are repeatedly using malicious emails to infiltrate critical national infrastructure. Up to 80% of CNI companies experienced an email-related security breach in the last year, according to a new report from security solution provider OPSWAT. Compromising CNI, like utilities, transport, telecommunications, and now data centres, can lead to widespread disruption, making it a prime target for cyber attacks. A recent report from Malwarebytes found that the services industry is the worst affected by…

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Apple Operating Systems are Being Targeted by Threat Actors, Report Finds

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Apple Operating Systems are Being Targeted by Threat Actors, Report Finds

The number of macOS vulnerabilities exploited in 2023 increased by more than 30%, according to a new report. The Software Vulnerability Ratings Report 2024 from patch management software company Action1 also found that Microsoft Office programs are becoming more exploitable, while attackers are targeting load balancers like NGINX and Citrix at a record rate. Action1 analysts used data from the National Vulnerability Database and CVEdetails.com to draw five insights into how the threat landscape changed…

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