Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.
While security tools have become more adept at detecting payloads in emails, attacks that lack known indicators and rely instead on impersonation/social engineering tactics are successfully bypassing these traditional controls and reaching inboxes. If an organization’s email security controls are not effective...
As the attack surface expands and attacks become increasingly sophisticated, the traditional reactive approach cannot keep you ahead of adversaries. You need to take a proactive approach with a comprehensive understanding of the attackers and their methods throughout the attack lifecycle. Mandiant outlines a framework...
In this 14th edition, M-Trends provides an inside look at the evolving cyber threat landscape drawn from Mandiant incident response investigations and threat intelligence analysis of high-impact attacks and remediations around the globe across the last year.
This report also includes:
Latest Incident Response...
Threats that traditionally menaced other industries - including synthetic accounts and abuse of IT product platforms - are emerging worries for the healthcare sector, warns an industry report. Other experts also predict a similar evolution among criminal activities affecting the healthcare sector.
Identity verification and e-signature firm OneSpan is working with investment bank Evercore on a sale process that could attract interest from other businesses and private equity firms, Reuters reported. This follows five publicly traded cyber vendors agreeing to go private since the start of 2022.
ISACA's recently published Privacy in Practice 2023 survey report shares new research related to the privacy workforce, privacy skills, privacy by design and the future of privacy. Expert Safia Kazi shares ways organizations can align privacy goals with business objectives.
The latest edition of the ISMG Security Report shares tips for security leaders to navigate the threat landscape next year, discusses cybersecurity and privacy policy shifts to watch, and explains why global political and economic instability should not be cause for cybersecurity budgets to drop.
Cloud email security: It involves new strategies and tools to defend against a new wave of attacks. Arun Singh of Abnormal Security discusses the latest flavor of email attacks and the new Knowledge Bases created to help enterprises increase their education and defensive capabilities.
The losses from phishing and other forms of sophisticated email fraud in 2021 alone totaled over $44 million, and the volume of phishing and email spoofing attacks doubled in 2021. Many malicious data breaches are caused by stolen credentials rather than the installation of malware. In fact, IBM found that in 2021,...
The email attack vector. It may not earn much discussion, but the adversaries take full advantage of it with phishing, BEC and now email platform attacks. Mike Britton, CISO of Abnormal Security, talks about the latest threat trends and how to detect and defend against them.
A hacker selling a data set purportedly containing emails stripped from the FBI's InfraGard public-private cybersecurity forum obtained access by sending an application, which the bureau approved, reports independent cybersecurity journalist Brian Krebs.
What really makes a “strong” password? And why are you and your end-users continually tortured by them? How do hackers crack your passwords with ease? And what can/should you do to improve your organization’s authentication methods?
Password complexity, length, and rotation requirements are the bane of IT...
The 2019 seizure by U.S. law enforcement of online criminal marketplace xDedic is paying dividends for lawyers unrolling prosecutions of accused fraudsters who allegedly obtained compromised credentials from the site. The FBI and IRS estimate that xDedic facilitated more than $68 million in fraud.
Synthetic identity fraud is the fastest-growing financial crime in the country. By combining real and fabricated personal information, a synthetic identity is specifically designed to look and act like a valid identity - until it doesn’t, leaving financial losses and criminal activity in its wake.
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