Cybercriminals seek to capitalize on COVID-19
Starting in March and continuing through most of the spring, there has been a significant increase in malicious emails utilizing various COVID-19 issues as a lure to manipulate users into exposing themselves to various email attacks and scams.
The latest Attack Landscape report from F-Secure shows COVID-related emails range from attempting to trick users into ordering face masks from phony websites to infecting themselves with malware by opening malicious attachments.
How cybercrime impacts the charity sector [Q&A]
Charities handle billions in funds every year and hold financial and personal information that cybercriminals increasingly see as a tempting target. Yet, according to the UK's Charity Commission only 58 percent of charities think they are at risk from cybercrime.
But for a sector, whose success is built on its reputation and the goodwill of its supporters, the loss of any sensitive information or fraud through phishing attempts can be devastating.
We're too boring to be hacked say millennials
Research into changing 'digital comfort zones' during the pandemic shows that 37 percent of millennials think they're too boring to be a victim of cybercrime.
The study from Kaspersky finds that millennials are now spending almost two extra hours online every day and almost half say this has made them more aware of their digital security, with 36 percent saying that they should be doing more to strengthen it.
Cybercriminals use new techniques to target eCommerce sites
With bricks and mortar stores largely shut down for much of the first half of 2020, it’s no real surprise to find that cybercriminals have been targeting eCommerce sites.
New research from IntSights looks at how there has been a rise in cybercriminals targeting eCommerce sites using a variety of attack methods, such as skimming attacks, account takeovers and ransomware.
Fake content drives online fraud
Based on a study of 34,000 sites and apps, as well as a survey of over 1,000 consumers conducted in June 2020, new research details how content abuse is a critical part of the fraud supply chain, the interconnected ecosystem of fraud.
The research, carried out by digital trust and safety firm Sift, also uncovered a fraud ring based in Russia where fraudsters executed a card-testing scheme through fake listings on an e-commerce marketplace.
What's your data worth on the Dark Web?
We all know that information stolen in data breaches is often put up for sale on Dark Web marketplaces. But how much is it actually worth?
The PrivacyAffairs website has been researching Dark Web forums and market places and has found that for less than $1500 criminals can obtain genuine information and forged documents allowing them to almost completely take over someone's identity.
Cyber ransom demands up 200 percent in 2019
Requested amounts in ransomware attacks rose nearly 200 percent from 2018 to 2019, averaging $115,123 per attack last year.
A report from incident response, risk management and digital forensics firm Crypsis Group reveals that threat actors across a range of cyberattack types have significantly escalated their tactical approaches, becoming more targeted, conducting victim research and employing techniques that enable them to be more successful and extract higher payouts for their efforts.
One-in-50 online transactions was fraudulent in 2019
Two percent of transactions in online banking and online retail were carried out by fraudsters, and 16 percent of transactions were suspicious and required further investigation according to new analysis by Kaspersky.
Based on anonymized statistics of events detected by Kaspersky's anti-fraud solution from January to December 2019, the most common case of fraud (63 percent) was attempts to access personal accounts using malware or legitimate remote control software.
Cybersecurity best practices to help protect businesses
Cybercrime can hit any business and the costs of an attack can prove crippling. In order to protect themselves companies need to adopt best practices, but where to start?
Cloud-based customer identity access management (CIAM) platform LoginRadius has created an infographic looking at the risk and what organizations can do to protect themselves.
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Cybercriminals focus on social engineering as other attacks decline
The latest Global Security Report from Trustwave, based on analysis of more than a trillion logged events in 2019, reveals that corporate systems continue to be most targeted by cybercriminals, at 54 percent.
This is followed by e-commerce at 22 percent down five percent when compared to 2018. Cloud services have seen the biggest increase and are now the third most targeted environment accounting for 20 percent of investigated incidents up significantly from seven percent the previous year.
One man's journey to earning over $100,000 from cybercrime
Researchers at security vendor Check Point have revealed the identity and activities of a hacker whose seven-year career in cybercrime has earned him at least $100,000, and probably much more.
He's single, 25-years-old and living in Benin City, Southern Nigeria. His cybercrime activities have earned him, on average, at least 14 times the national minimum wage in Nigeria and three times the average professional salary in Nigeria every year since 2013.
Beware the cyberattacks seeking to exploit coronavirus fears
Whenever there's any kind of major news story that sparks public interest it's usually good for cyber criminals as they seek to exploit people's fears for their own gains.
The latest coronavirus (COVID-19) pandemic is no exception. The UK's National Cyber Security Centre has identified a number of attacks on a COVID-19 theme, these include bogus emails with links claiming to have important updates, which once clicked on lead to devices being infected.
World is at permanent cyber war say security professionals
Just in case you weren't worried enough by the coronavirus, a new survey of almost 500 security professionals released today by Venafi reveals that 88 percent of them believe the world is in a permanent state of cyber war.
In addition 90 percent are concerned that the most significant damage will be inflicted on digital infrastructure with the most vulnerable industries being those that are undergoing rapid digital transformation and are essential to daily life.
Fraudsters turn to the human factor to boost their attacks
For all of today's sophisticated technology, sometimes there's no substitute for the human touch when it comes to getting the job done and it seems this applies to fraud as much as legitimate business.
Online fraud prevention specialist Arkose Labs has released its latest Fraud and Abuse Report, which shows that human-driven attacks are up 90 percent in the last quarter of 2019 compared to the previous six months.
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