The IRS Is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but not for much longer. If you didn’t file taxes in 2021 because you didn’t think you qualified, you forgot or simply didn’t want to deal with the stress of filing, the IRS could be holding onto your tax […]
In 2023, the U.S. FTC reported that Americans lost over $10 billion to scammers, a 14% increase from the previous year. Imposter scams were the most frequently reported, followed by online shopping scams and investment scams.
Merck & Co.’s proposed settlement with insurers over a $1.4 billion claim related to the NotPetya attack will change the language the insurance industry uses to exclude acts of war in its policies, and organizations need to consider how those changes affect risk, said attorney Peter Halprin. The settlement will resolve an ongoing legal dispute […]
Airbus is expected to offer between €1.5 to 1.8 billion (~$1.64 to 1.97 billion) for Atos’ Big Data & Security division, in line with its goal of growing its cybersecurity arm and enhancing its defense and security portfolio.
Cybercrime , Fraud Management & Cybercrime , Ransomware Report: 2.6 Billion Personal Records Exposed in the Last 2 Years Marianne Kolbasuk McGee (HealthInfoSec) • December 7, 2023 Data breaches in the U.S. have hit an all-time high thanks to hacking incidents, including ransomware and vendor attacks, says a new study released by Apple […]
Broadcom has completed its $61 billion acquisition of cloud software maker VMware. Hock Tan, president and chief executive officer of Broadcom, said on Wednesday the combined company would focus on enabling enterprises to build and modernize their private and hybrid cloud environments. “Broadcom has a long track record of investing in the businesses we acquire […]
Oct 06, 2023NewsroomCyber Crime / Cryptocurrency As much as $7 billion in cryptocurrency has been illicitly laundered through cross-chain crime, with the North Korea-linked Lazarus Group linked to the theft of roughly $900 million of those proceeds between July 2022 and July of this year. “As traditional entities such as mixers continue to be subject […]
Global spending on security and risk management is projected to reach $215 billion next year, a 14% year-over-year increase from 2023, Gartner said Thursday in its latest forecast on the sector. Security services, the industry’s largest segment spanning consulting, IT outsourcing, implementation and hardware support, will account for 42% of all spending. The segment will […]
More than 3.8 billion records have been exposed after digital protection firm DarkBeam left an interface containing the exposed records unprotected. The leak was discovered on September 18 by CEO of cyber security news site SecurityDiscovery, Bob Diachenko, who alerted DarkBeam to the leak. The digital protection firm immediately addressed the vulnerability and closed the leak […]