Security News
In his Chamber of Commerce commentary, Beyond the Hype - Artificial Intelligence in Cybersecurity, Housley writes, "While AI systems support cybersecurity by enabling prevention or detection and resolution of threats, they should not be considered the panacea to all cybersecurity problems." Next, the discussion during the webinar looked at how AI will benefit and enhance cybersecurity programs.
In 2010, in a different world where no one has heard about lockdowns and social distancing, I wrote an article on SecurityWeek - The Optimist's Cybercrime Predictions for 2011. Not only to look at my predictions in the view of a single year, but of an entire decade.
As individuals and organizations alike face cyberattacks on a regular basis, cybercrime enacts a huge financial toll around the world. In a new report released Monday, McAfee reveals the costs of cybercrime and offers advice on how to better protect your organization.
Cybercrime costs the world economy more than $1 trillion, or just more than one percent of global GDP, which is up more than 50 percent from a 2018 study that put global losses at close to $600 billion, McAfee reveals. The theft of intellectual property and monetary assets is damaging, but some of the most overlooked costs of cybercrime come from the damage to company performance.
Three Nigerian nationals have been arrested in Lagos for their suspected involvement in Business Email Compromise scams. The three - identified only as OC, 32, IO, 34, and OI, 35 - are believed to be part of a larger organized crime group called TMT, which has been involved in malware distribution, phishing, and extensive BEC fraud.
Trend Micro said that the time between an initial data heist to that stolen information being used against an enterprise has decreased from weeks to days or even hours when the cloud approach is taken. Malicious actors are turning to the cloud in order to work more effectively with the sheer volume of data on offer in underground forums, researchers said.
A tech-support scammer making random phone calls in the hope of finding a victim called the cyber-crime squad of an Australian police force, which used the happy accident to document the con trick and inform the public on what to watch out for. The call was placed to the Financial and Cybercrime Investigation Branch in the state of South Australia, where the cops serve 1.75 million citizens.
A diverse set of companies, including an adaptive-learning platform in Brazil, an online grocery service in Singapore and a cold-brew coffee-maker company, are caught up in the large data trove. A whopping 34 million user records have materialized on an underground sales forum, which cybercriminals claim are gleaned from 17 different corporate data breaches.
The United States on Monday announced the sentencing of a Russian national for his role in a scheme involving the theft and trading of personal and financial information. The man, Aleksandr Brovko, 36, admitted in February to conspiring to commit bank and wire fraud.
The Maze cybercrime gang is shutting down its operations after rising to become one of the most prominent players performing ransomware attacks. Maze continued to evolve ransomware operations by forming a ransomware cartel with Ragnar Locker and LockBit, to share information and tactics.