The latest data from IBM shows that the average cost of a data breach has gone up by 2% to a whopping $4.45 million. You would think that in the cybersecurity industry, people would be all about safety and security, right? I mean, it's literally in the name. But here's the kicker: more than half (55%) of cybersecurity professionals have admitted to being risky when it comes to their cybersecurity practices at work.
There’s been a surge of Elon Musk-themed cryptocurrency scams on TikTok, BleepingComputer reports. The scammers inform the victims that they can claim their reward after spending a small amount of bitcoin (about $132) to activate their account. “BleepingComputer tested one of the giveaways to see how it works and found that almost all utilize the same template, which pretends to be a crypto investment platform,” BleepingComputer says.
Now entering its third year in business, the phishing platform, Classicam, represents the highest evolution of an “as a service” cybercrime, aiding more than 1000 attack groups worldwide. What do cybercriminals need for a successful attack? A convincing email, a list of potential target email addresses, and a website to extract payment details, bank login credentials, etc. And it’s the last part that’s usually the barrier to market for those that want to get into cybercrime.
A new SMS-based phishing attack uses a smishing kit-as-a-service to impersonate the U.S. Postal Service. If you’ve received a fake text from the U.S. Postal Service in the last month, you’re not alone. A Cybercrime-as-a-Service (CaaS) group based in China is likely behind the attack, and many others. According to security researchers at cybersecurity vendor Resecurity, the group is behind similar attacks throughout the globe, posing as the U.K.
Scammers are using dating sites to lure victims into phony cryptocurrency investment schemes, according to Sean Gallagher at Sophos. These types of investment scams are known as “pig butchering,” loosely translated from the Chinese phrase “sha zhu pan.” In this case, the scammers convince the victim to participate in a liquidity pool arrangement, a legitimate but risky cryptocurrency investment technique.
WASHINGTON – In a startling revelation, FBI Director Chris Wray disclosed at a recent conference that China's cyber espionage capabilities are so extensive, they bigger than the efforts of all other major nations combined. While the U.S. government has long been cautioning against the cyber threats emanating from China, Wray's statements took the conversation to a new level of urgency.
The International Joint Commission (ICJ), an organization that handles water issues along the Canada–United States border, was hit by a ransomware attack, the Register reports. The Commission said in a statement, “The International Joint Commission has experienced a cyber security incident.
Dallas Mavericks owner and well-known investor Mark Cuban reportedly lost nearly $900,000 in a phishing attack targeting his MetaMask cryptocurrency wallet. The incident was first flagged by crypto investigator WazzCrypto, who observed unusual transactions linked to a wallet associated with Cuban. This particular wallet had been dormant for about six months before all its funds were suddenly moved.
The United States FBI, NSA, and CISA have released a joint report outlining the various social engineering threats posed by deepfakes. “Threats from synthetic media, such as deepfakes, present a growing challenge for all users of modern technology and communications, including National Security Systems (NSS), the Department of Defense (DoD), the Defense Industrial Base (DIB), and national critical infrastructure owners and operators,” the report says.
A malwareless and linkless phishing attack uses sextortion and the threat of legal action to get the attention of potential victims and get them to respond. Usually, the intent of a phishing attack is evident. For example, if the attack is pretending to be Microsoft and sends you to a spoofed login page, the whole point of the attack is to harvest the victim’s Microsoft 365 credentials.
