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As of May 2024, Black Basta ransomware affiliates hacked over 500 organizations worldwide

Security Affairs

In December 2023, Elliptic and Corvus Insurance published a joint research that revealed the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. Most of the victims are in the manufacturing, engineering and construction, and retail sectors. ” reads the CSA. The average ransom payment was $1.2

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Catches of the Month: Phishing Scams for July 2022

IT Governance

Welcome to our July 2022 review of phishing attacks, in which we explore the latest email scams and the tactics that cyber criminals use to trick people into handing over their personal data. NFT marketplace warns users of phishing scams. NFT marketplace warns users of phishing scams. We are working with Customer.io

Phishing 116
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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189
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Global Scamdemic: Scams Become Number One Online Crime

Security Affairs

Overall, fraud accounts for 73% of all online attacks: 56% are scams (fraud that results in the victim voluntarily disclosing sensitive data) and 17% are phishing attacks (theft of bank card details). Insurance companies around the world are now suffering from phishing. million in one year .

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FIN8 group used a previously undetected Sardonic backdoor in a recent attack

Security Affairs

The group focuses on organizations in the insurance, retail, technology, and chemical industries in the U.S., The financially motivated threat actor FIN8 has been observed employing a previously undetected backdoor, dubbed Sardonic , on infected systems. Canada, South Africa, Puerto Rico, Panama, and Italy.

Retail 127
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This Identity Management Day, Go BIG or Go HOME!

Thales Cloud Protection & Licensing

Passwordless, which was already becoming a boardroom topic, has now gotten a new impetus because of the mandates on phishing-resistant MFA on one side; and novel concepts like FIDO passkeys on the other. Retail companies, for example, were forced to speed up their digital presence to avoid being totally disrupted.

B2C 87
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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.