Business email compromise now ranks as a top attack method, with 70% of organizations saying they’ve faced a BEC attempt in the last year and 29% actually falling victim to at least one attack, according to a new report from Arctic Wolf.
Tag: cyber attacks
FBI Says Chinese Hackers Preparing to Attack U.S. Infrastructure
Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday.
U.S. Warns Hackers Are Carrying Out Attacks on Water Systems
The U.S. government is warning state governors that foreign hackers are carrying out disruptive cyberattacks against water and sewage systems throughout the country.
As Boards Focus More on Cybersecurity, Are They Missing One of the Biggest Threats?
Board members are taking on more responsibility for cybersecurity strategy at the companies they oversee. But they might be overlooking one of the organization’s biggest vulnerabilities: themselves.
Cyber Attacks Cost U.S. Small Businesses Over $8,000 Annually: Hiscox
Hiscox, the international specialist insurer, reveals the median cost of cyber-attacks has decreased for U.S. small businesses from $10,000 in 2022 to $8,300 in 2023.
2023 Ransomware Attacks Up More Than 95% Over 2022: Corvus Insurance Q3 Report
Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, today released its Q3 2023 Global Ransomware Report, which analyzes data from ransomware leak sites to track evolving trends.
Alliance of 40 Countries to Vow Not to Pay Ransom to Cybercriminals, U.S. Says
Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers’ funding mechanism, a senior White House official said on Tuesday.
Hackers with AI Are Harder to Stop, Microsoft Says
Stealthier attacks are being crafted by hackers using both artificial intelligence tools that have been on the market for a while and generative-AI chatbots that emerged last year, said Tom Burt, Microsoft’s corporate vice president for customer security and trust.
MGM, Caesars Face Class-Action Lawsuits Over Cyberattacks
Lawsuits filed against some of the biggest names on the Las Vegas Strip allege the gaming companies failed to protect customer data during recent cyberattacks.
SEC Adopts New Cyber-Incident Disclosure Rules for Public Companies
The Securities and Exchange Commission (SEC) adopted new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was to help the investing public contend with the mounting cost and frequency of cyber attacks.