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US citizens lost more than $68M to SIM swap attacks in 2021, FBI warns

Security Affairs

The FBI reported that US citizens have lost more than $68 million to SIM swapping attacks in 2021, the number of complaints since 2018 and associated losses have increased almost fivefold. Do not store passwords, usernames, or other information for easy login on mobile device applications. Pierluigi Paganini.

Passwords 100
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Spanish police dismantled SIM swapping gang who stole money from victims’ bank accounts

Security Affairs

The FBI reported that US citizens have lost more than $68 million to SIM swapping attacks in 2021, the number of complaints since 2018 and associated losses have increased almost fivefold. Do not store passwords, usernames, or other information for easy login on mobile device applications. Pierluigi Paganini.

Passwords 116
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Customers lose confidence – data breaches aren’t just about fines

IT Governance

Data breaches are now a common occurrence – big-name brands affected in 2018 include FIFA , British Airways , Vision Direct , Eurostar and Marriott. More than half of consumers (56%) are not willing to pay anything to application or online service providers for added security to protect their personal information.

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Heathrow Airport fined ÂŁ120,000 for data breach

IT Governance

Subsequent investigations undertaken by the ICO have found that just 2% of Heathrow’s 6,500 staff were properly trained in data protection. But our investigation found a catalogue of shortcomings in corporate standards, training and vision that indicated otherwise. Maximum penalty.

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How data breaches are affecting the retail industry

IT Governance

Only time will tell – and we may not have to wait long – but in the meantime, what is the impact of data breaches in the retail industry, and what needs to be done to mitigate them? The data included contact information, usernames and encrypted passwords. million users was compromised. million, which is a 6.4% The PCI DSS.

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List of Data Breaches and Cyber Attacks in 2023

IT Governance

Meanwhile, you can subscribe to our Weekly Round-up to receive the latest cyber security news and advice delivered straight to your inbox. IT Governance is dedicated to helping organisations tackle the threat of cyber crime and other information security weaknesses. With that out of the way, it’s time to move on to May 2023.