Category Archives: Cyber Criminal

A Perfect Storm: 7 Reasons Global Attacks Will Soar in 2023

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In 2023, the global annual cost of cyber crime is predicted to top $8 trillion, according to a recent Cybersecurity Ventures report. This seemingly enormous figure might still be a major underestimate. In 2021, U.S. financial institutions lost nearly $1.2 billion in costs due to ransomware attacks alone. That was a nearly 200% increase over […]

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5 Ways to Improve Holiday Retail and Wholesale Cybersecurity

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It’s the most wonderful time of the year for retailers and wholesalers since the holidays help boost year-end profits. The National Retail Federation (NRF) predicts 2022 holiday sales will come in 6% to 8% higher than in 2021. But rising profits that come at the cost of reduced cybersecurity can cost companies in the long […]

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Cybersecurity Trends: IBM’s Predictions for 2023

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As with many other aspects of life and business, 2022 held fewer overall surprises in cybersecurity than in recent years — thank goodness. Instead, many trends brewing over the past few years began to take clearer form. Some were unexpected, and many were predictable, but all are important to consider when making plans for security […]

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How the US Government is Fighting Back Against Ransomware

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As ransomware-related payments surged toward $600 million in the first half of 2021, the U.S. government knew it needed to do more to fight back against cyber criminals. For many years, the Treasury’s Office of Foreign Assets Control (OFAC) had a Specially Designated Nationals and Blocked Persons List (SDN List for people or organizations acting […]

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How and Why Do Teens Become Cyber Criminals?

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The search to find the mastermind of the attacker group Lapsus$ led to a home outside Oxford, England. The suspected leader was a 16-year-old. He helped take down some of the world’s biggest companies, including Microsoft, from his mother’s house. The BBC reported the teen is alleged to have earned $14 million from his attacks. […]

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Why Phishing Is Still the Top Attack Method

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Attackers are known to pore over a company’s website and social channels. Perhaps they spot a mention of an upcoming charity event. Who runs the charity? What does their email signature look like? What’s the color and size of the charity’s logo?    This kind of information is priceless to attackers. From there, attackers can craft […]

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Recovering Ransom Payments: Is This the End of Ransomware?

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What’s the best way to stop ransomware? Make it riskier and less lucrative for cyber criminals. Nearly all intruders prefer to collect a ransom in cryptocurrency. But it’s a double-edged sword since even crypto leaves a money trail. Recovering ransomware payouts could lead to a sharp decline in exploits. Ransomware is still today’s top attack […]

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It’s Not Fair, But Cyber Crime Is Cheap

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It may not be fair, but cyber crime is cheap. How cheap? You can buy ransomware for as little as $66, or hire a threat actor for $250. And if you look hard enough, you can even get a phishing kit for free on underground forums. Although these illicit methods may not be expensive, the […]

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What CISA Incident Response Playbooks Mean for Your Organization

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What does the latest U.S. federal ruling on cybersecurity mean for you? The recent executive order and U.S. Cybersecurity & Infrastructure Security Agency (CISA) commentary on it could provide a good framework for defending against ransomware and other attacks. In its executive order on ‘Improving the Nation’s Cybersecurity,’ the White House directed the Secretary of […]

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What CISA Incident Response Playbooks Mean for Your Organization

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What does the latest U.S. federal ruling on cybersecurity mean for you? The recent executive order and U.S. Cybersecurity & Infrastructure Security Agency (CISA) commentary on it could provide a good framework for defending against ransomware and other attacks. In its executive order on ‘Improving the Nation’s Cybersecurity,’ the White House directed the Secretary of […]

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