The number of victims who opt to pay a ransom appears to have declined to a record low. During the last three months of 2023, an average of 29% of organizations hit by ransomware paid a ransom - a notable shift from what ransomware watchers saw in recent years.
A top U.S. banking lobbyist told a Senate panel Thursday there are limits to what financial institutions can do to stop scammers from draining individual banking accounts and called on regulators such as the Federal Communications Commission to do more to combat caller ID spoofing.
The Federal Trade Commission is the latest regulatory agency taking action against fundraising and customer relationship management software provider Blackbaud in the aftermath of a 2020 ransomware incident that compromised the data of tens of thousands of clients and millions of consumers.
This week, former CIA programmer gets 40-year sentence, zero trust prevents widespread damage, possible ransomware attack in Georgia, alleged hacker detained in Ukraine, USB-spread malware in Italy, LockBit attack on non-bank home mortgage lender, and Ukrainian critical infrastructure disrupted.
This week, a Ripple co-founder and a karaoke platform were hacked, Mexican crypto banks were targeted, authorities seized crypto in the U.S. and Germany, the DOJ made charges in crypto cases, people pleaded guilty to money laundering and SIM swapping, monero was traced, and FTX will not restart.
The FBI announcing that it has forcibly removed "KV Botnet" Chinese nation-state malware from "hundreds" of poorly secured SOHO routers across America highlights the risk posed by the growing volume of outdated IoT devices. The FBI's fix is temporary, and we need a more permanent solution.
Thanks to the massive Anthem hack, for nearly a decade 2015 has been the record year for U.S. health data breaches - with 112.5 million people affected. But 2023 shattered that record, big-time. Will 2024 be another banner year for health data compromises?
U.S. federal prosecutors charged a Florida teenager allegedly involved in a cryptocurrency theft scam that stole at least $800,000 from a minimum of five victims. The suspect, Noah Michael Urban, 19, is part of a cybercriminal group known as Scattered Spider or 0ktapus, reported Brian Krebs.
Corporate VPN maker Ivanti on Wednesday began a belated patch rollout for zero-day flaws that many cybersecurity firms say paved the way for an espionage hacking operation likely conducted by China. Ivanti also disclosed two more zero-days and told customers that hackers are exploiting one of them.
Multiple Information Sharing and Analysis Centers decried a proposed incident reporting measure for vendors selling to the U.S. federal government as being costly and ineffective. The proposal will affect three of every four contracts in which the government is a contracting party.
In the latest "Proof of Concept," Sam Curry of Zscaler and Heather West of Venable assess how vulnerable AI models are to potential attacks, offer practical measures to bolster the resilience of AI models and discuss how to address bias in training data and model predictions.
Silicon Valley email security firm Proofpoint is laying off 280 positions two months into the tenure of Sumit Dhawan as its chief executive officer. A company spokesperson said Proofpoint anticipates moving half the eliminated positions to overseas units in Argentina and Ireland by midyear.
Social media accounts - especially those tied to government agencies, big-name companies and high-profile individuals - continue to be a top target for takeover by fraudsters and scammers, especially when it comes to X, formerly known as Twitter. What's the best way to keep these accounts secure?
Getting the health sector to vastly improve the state of its cybersecurity will take much more than the recent issuance of federal guidance outlining cyber performance goals for entities. It will also require new government incentives and mandates, said Steve Cagle, CEO of consultancy Clearwater.
Schneider Electric confirmed a ransomware attack has locked up corporate systems of its Schneider Electric Sustainability Business division and accessed data. The company said it plans to resume operations in two business days after remediation is complete.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.co.uk, you agree to our use of cookies.