Cybersecurity

Financial crime compliance costs exceed $206 billion – Help Net Security

The growing complexity of compliance regulations and ever-evolving criminal methodologies are a major difficulty for financial institutions, according to LexisNexis Risk Solutions. Global financial crime compliance costs for financial institutions exceed $206 billion. This cost is comparable to more than 12% of global research and development (R&D) expenditure and equates to $3.33 per month for […]

Cybersecurity

APIs: Unveiling the Silent Killer of Cyber Security Risk Across Industries

Introduction In today’s interconnected digital ecosystem, Application Programming Interfaces (APIs) play a pivotal role in enabling seamless communication and data exchange between various software applications and systems. APIs act as bridges, facilitating the sharing of information and functionalities. However, as the use of APIs continues to rise, they have become an increasingly attractive target for […]

Cybersecurity

Phishing, Smishing Surge Targets USPS

Recent weeks have witnessed a significant increase in cyber-attacks targeting the US Postal Service (USPS), mainly through phishing and smishing campaigns.  The surge in these attacks has prompted DomainTools researchers to delve into their origins and implications, with findings described in an advisory published on Thursday. One smishing message raised suspicions due to its peculiar […]