Category Archives: Cybercrime Trends

Roundup: The top ransomware stories of 2024

Posted on by

The year 2024 saw a marked increase in the competence, aggression and unpredictability of ransomware attackers. Nearly all the key numbers are up — more ransomware gangs, bigger targets and higher payouts. Malicious ransomware groups also focus on critical infrastructure and supply chains, raising the stakes for victims and increasing the motivation to cooperate. Here […]

The post Roundup: The top ransomware stories of 2024 appeared first on Security Intelligence.

Continue reading Roundup: The top ransomware stories of 2024→

How Breached Companies Become the Face of Change

Posted on by

I’ve always told my kids that everyone makes mistakes. What really matters is how you handle them and that you learn from what happened.  SolarWinds followed the same thinking in how it handled its 2020 breach. Not only did the company write its comeback story to help improve its reputation, but it is also working […]

The post How Breached Companies Become the Face of Change appeared first on Security Intelligence.

Continue reading How Breached Companies Become the Face of Change→

How Falling Crypto Prices Impacted Cyber Crime

Posted on by

Some rare good news in the world of cyber crime trends: Certain crimes declined in 2022 after years of constant rises. Should we credit crypto? Some estimates say that cryptocurrencies have lost $2 trillion in value since November 2021. During that time, the costs associated with cyber crimes, such as ransomware payouts and financial scams, […]

The post How Falling Crypto Prices Impacted Cyber Crime appeared first on Security Intelligence.

Continue reading How Falling Crypto Prices Impacted Cyber Crime→

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

Posted on by

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 […]

The post A Perfect Storm: 7 Reasons Global Attacks Will Soar in 2023 appeared first on Security Intelligence.

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

5 Ways to Improve Holiday Retail and Wholesale Cybersecurity

Posted on by

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 […]

The post 5 Ways to Improve Holiday Retail and Wholesale Cybersecurity appeared first on Security Intelligence.

Continue reading 5 Ways to Improve Holiday Retail and Wholesale Cybersecurity→

Cybersecurity Trends: IBM’s Predictions for 2023

Posted on by

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 […]

The post Cybersecurity Trends: IBM’s Predictions for 2023 appeared first on Security Intelligence.

Continue reading Cybersecurity Trends: IBM’s Predictions for 2023→

How and Why Do Teens Become Cyber Criminals?

Posted on by

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. […]

The post How and Why Do Teens Become Cyber Criminals? appeared first on Security Intelligence.

Continue reading How and Why Do Teens Become Cyber Criminals?→

Banking Trojans and Ransomware — A Treacherous Matrimony Bound to Get Worse

Posted on by

To combat the threat of banking Trojans and ransomware, organizations should stay up to date with the rapidly evolving threat landscape by utilizing the latest threat intelligence.

The post Banking Trojans and Ransomware — A Treacherous Matrimony Bound to Get Worse appeared first on Security Intelligence.

Continue reading Banking Trojans and Ransomware — A Treacherous Matrimony Bound to Get Worse→

X-Force Threat Intelligence Index Reveals Top Cybersecurity Risks of 2020

Posted on by

The findings in the 2020 X-Force Threat Intelligence Index highlight the most common attack vectors, the evolution of ransomware and malware, the risks posed by inadvertent insiders and more.

The post X-Force Threat Intelligence Index Reveals Top Cybersecurity Risks of 2020 appeared first on Security Intelligence.

Continue reading X-Force Threat Intelligence Index Reveals Top Cybersecurity Risks of 2020→

Emotet Activity Rises as It Uses Coronavirus Scare to Infect Targets in Japan

Posted on by

IBM X-Force has identified a spam campaign targeting users in Japan that employs the Coronavirus scare as a lure to encourage people to open malicious emails.

The post Emotet Activity Rises as It Uses Coronavirus Scare to Infect Targets in Japan appeared first on Security Intelligence.

Continue reading Emotet Activity Rises as It Uses Coronavirus Scare to Infect Targets in Japan→