Cyberattacks continue to disrupt businesses across industries, with recent ransomware incidents underscoring the financial and operational risks companies face when their digital infrastructure is compromised.
Tag: cyberattacks
Cyber Extortion Reached Record High in the U.S. and Canada in 2023, Fewer Companies Pay Ransomware
According to a new report published today by Marsh, the number of companies in the US and Canada experiencing a cyber extortion event hit record numbers in 2023, with unprecedented ransom demands.
Moody’s: Cyberattacks Pose Increasing Threat to Creditworthiness
The costs from cyberattacks — from business interruption to ransomware payments and legal settlements — pose an increasing threat to company creditworthiness due to loss of customers, theft of intellectual property or a break in revenue flows, Moody’s Ratings said.
Arctic Wolf 2024 Trends Report Reveals 70% of Businesses Targeted by BEC Attacks
Arctic Wolf®, a global leader in security operations, published findings from its annual State of Cybersecurity: 2024 Trends Report, based on a global survey the company commissioned from Sapio Research of over 1,000 senior IT and cybersecurity decision-makers from over fifteen different countries.
Hackers Behind MGM Attack Targeting Financial Sector in New Campaign
The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers.
ITRC: Data Breach Notices Nearly Doubled in Q1 2024
The number of publicly reported data compromise events jumped 90% year-over-year in the first quarter of 2024, with the number of organizations falling victim to supply chain attacks nearly tripling, according to recent data from the Identity Theft Resource Center (ITRC).
Common Software Vulnerabilities Predicted to Jump by 25% in 2024: Coalition
The number of software vulnerabilities – a key attack vector for cyber threat actors — continues to rise and is expected to jump by 25% to nearly 35,000 or 2,900 per month in 2024, according to a recent Coalition report.
FBI Director Says China Cyberattacks on U.S. Infrastructure Now at Unprecedented Scale
As intelligence chiefs and policymakers gathered for this city’s annual security conference focused on the wars in Ukraine and the Middle East, the director of the Federal Bureau of Investigation urged them not to lose sight of another threat: China.
UN Experts Investigating 58 Suspected North Korean Cyberattacks Valued at About $3B
U.N. experts say they are investigating 58 suspected North Korean cyberattacks between 2017 and 2023 valued at approximately $3 billion, with the money reportedly being used to help fund its development of weapons of mass destruction.
Fidelity National Financial Says Hackers Stole Data on 1.3M Customers
Real estate services giant Fidelity National Financial has confirmed hackers stole data on 1.3 million of its customers during a November cyberattack that knocked the company offline for a week.