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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. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Risk 189
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FTX Collapse Highlights the Cybersecurity Risks of Crypto

eSecurity Planet

One way is through hijacking computer resources to mine cryptocurrencies. Security risks for end users take the form of two discrete methods: private key theft and ice phishing attacks,” said Christian Seifert, Researcher, Forta.org. Crypto can also be a way to leverage cybersecurity breaches.

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LemonDuck Shows Malware Can Evolve, Putting Linux and Microsoft at Risk

eSecurity Planet

The LemonDuck malware that for the past couple of years has been known for its cryptocurrency mining and botnet capabilities is evolving into a much broader threat, moving into new areas of cyber attacks, targeting both Linux and Microsoft systems and expanding its geographical reach, according to security researchers with Microsoft.

Risk 144
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Deceptive Google Meet Invites Lures Users Into Malware Scams

eSecurity Planet

One of the most concerning tactics currently on the rise is the ClickFix campaign — a sophisticated phishing scheme targeting unsuspecting Google Meet users. ClickFix campaigns represent a new wave of phishing tactics that emerged in May 2024, aimed at exploiting users of popular software applications. What Are ClickFix Campaigns?

Phishing 122
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Security Affairs newsletter Round 411 by Pierluigi Paganini

Security Affairs

Kaspersky released a new decryptor for Conti-based ransomware US govt agencies released a joint alert on the Lockbit 3.0 Kaspersky released a new decryptor for Conti-based ransomware US govt agencies released a joint alert on the Lockbit 3.0

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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

Emerging threats Cybercrime often exploits precisely the lack of regulation and centralized controls of cryptocurrencies to deceive investors and embezzle funds through various forms of phishing, investment scams, digital wallet theft, ransomware, and illegal mining.

Education 100
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Cybercriminals Are Targeting AI Conversational Platforms

Security Affairs

Financial institutions (FIs) are widely implementing such technologies to accelerate customer support and internal workflows, which may also trigger compliance and supply chain risks. Bots can collect valuable data from user interactions, which can be analyzed to gain insights into customer preferences and behaviors.