Could cyberattacks leave Europe in the dark?
A new report highlights how growing reliance on digital technologies across Europe, combined with geopolitical tensions and sophisticated threat actors, is creating a perfect storm that could put energy stability at risk and lead to the lights going out.
The study from security awareness training platform KnowBe4 shows the average number of cyberattacks against utilities more than doubled between 2020 and 2022. Specifically across Europe, cyber threats to the energy sector have surged, driven by an epidemic of under-reporting and lack of detection, with recent attacks disrupting operations, compromising sensitive data, and highlighting the urgent need for stronger cybersecurity measures.
How AI-enhanced cyberattacks are redefining the modern threat landscape [Q&A]
Despite still being in its infancy, it would be hard to overstate the impact that AI has already had on the cybersecurity landscape.
Not only has AI made it infinitely easier and faster to develop a wide range of traditional attacks -- such as phishing, business email compromise and malware -- it has also opened the door to novel strategies and threats. Worse yet, they allow threat actors to develop significantly more targeted and sophisticated attacks, regardless of their knowledge level or skill.
Cyberattacks on utilities pose risk to public safety
A new survey of 350 UK and US utility operators reveals that 62 percent of water, water treatment and electricity companies have been affected by cyberattacks in the last 12 months.
The study from Semperis finds that nearly 60 percent of attacks were carried out by nation-state groups
Free AI tools add to surge in attacks on applications
As organizations race to deliver apps at an unprecedented pace, the rise of freely available AI tools with sophisticated capabilities has made it easier than ever for threat actors to effortlessly reverse-engineer, analyze, and exploit applications at an alarming scale.
A new report from Digital.ai shows that 83 percent of applications are under constant attack, a nearly 20 percent increase from last year, with attack rates surging across all industries.
Browser-based phishing attacks up 140 percent
New research from Menlo Security, based on analysis of more than 750,000 browser-based phishing attacks, shows a startling 140 percent increase compared to 2023, and a 130 percent increase specifically in zero-hour phishing attacks.
Microsoft, Facebook, and Netflix are the brands most commonly impersonated in browser-based phishing attempts. However, generative AI services are also increasingly impersonated with nearly 600 incidents of GenAI fraud identified, in which imposter sites used GenAI platform names to manipulate and exploit unsuspecting victims.
Ransomware attacks up 30 percent driven by AI and RaaS
The latest threat report from Deep Instinct shows ransomware attacks increasing by 30 percent, driven by AI-powered phishing and Ransomware-as-a-Service offerings.
The findings reveal that AI-generated phishing campaigns have grown in efficacy with advancements in reconnaissance and video and voice generation tools.
2024 broke records for ransomware attacks
Ransomware attacks reached record levels throughout 2024 according to the latest State of Ransomware report from BlackFog.
LockBit, one of the most prominent ransomware gangs in recent years, remained the most active ransomware variant through 2024 affecting 603 victims. May was the busiest month, with nearly 200 attacks launched, accounting for 36 percent of all attacks that month.
Web DDoS attacks up over 500 percent
The total number of web DDoS attacks surged 550 percent last year compared to 2023, according to the latest report from Radware.
The average duration of network DDoS attacks increased 37 percent over 2023, with North America facing 66 percent of web application and API attacks.
Attacks on manufacturing up but less than half businesses are prepared
A new study from Omdia finds that 80 percent of manufacturing firms experienced a significant increase in overall security incidents or breaches last year, but only 45 percent are adequately prepared in their cybersecurity.
The survey of over 500 technology executives worldwide shows a heightened risk of cyber attacks comes as manufacturers move to leverage IT such as cloud, AI, and Internet of Things (IoT) as part of their digital transformation -- a process defined as Industry 4.0.
Ransomware up fourfold as threats get more complex
Analysis of data logged by the Barracuda Managed XDR Security Operations Center shows ransomware threats have increased by four times over the last year.
In 2024, Barracuda Managed XDR logged 11 trillion IT events -- 350,000 per second. Just over a million were flagged as a potential risk and of these, 16,812 were identified as high-severity threats that required immediate defensive action. That’s a small percentage but highlights the need for powerful engines, analysis tools and human expertise to detect them.
Cloud and hybrid environments present weak spots for ransomware attackers
The increased connectivity of business systems and devices is making it harder for organizations to defend against ransomware attacks according to a new report.
The study from Illumio, with research conducted by the Ponemon Institute, shows organizations perceive the cloud and endpoints as being the most vulnerable, and 34 percent say a lack of visibility across hybrid environments makes it difficult to respond to ransomware attacks.
High-profile cyberattacks prompt boost in crisis simulation budgets
Following a number of high-profile cybersecurity incidents in 2014 CISOs are reassessing their organization's readiness to manage a potential chaos of a full-scale cyber crisis.
New data from Hack The Box shows many CISOs -- based on a sample of 200 across the UK and US -- are concerned about their organization's ability to handle a cyber crisis. This is down to a number of reasons, the rising volume of cyber incidents (31 percent), lack of incident response planning (20 percent), and a lack of realistic, stress-tested crisis simulations (19 percent).
Ransomware victim numbers hit an all-time high
The number of ransomware victims reached an all-time high with more than 1,600 in Q4 2024 alone according to the latest GuidePoint Research and Intelligence Team's (GRIT) annual Ransomware and Cyber Threat Report.
The number of attackers peaked too with a 40 percent year-on-year increase in active threat groups. GRIT identified more than 88 total active threat groups in 2024, including 40 newly observed adversaries.
Cyber defense vs cyber resilience: why it's time to prioritize recovery
In an era when successful hacks are now an inevitability, too many organizations have a false sense of security when it comes to their data. Unfortunately, cyber criminals are ready and willing to take advantage of this complacency.
Gone are the days when CISOs could simply focus on building up frontline cyber defenses alone. Today’s cyber adversaries are using AI technologies like ChatGPT to augment and elevate the sophistication and effectiveness of their attacks on an industrial scale. Whether that’s automating how they scan for vulnerabilities or initiating highly adaptive attacks that can evade traditional perimeter security measures.
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