Most businesses are concerned about AI-enabled cyber-threats, with 93% of security leaders expecting to face daily AI-driven attacks by the end of 2024, according to a new report by Netacea. Around two-thirds (65%) expect that offensive AI will be the norm for cybercriminals, used in most cyber-attacks. The threat vector that respondents to the Netacea […]
Cybersecurity breaches can be devastating for both individuals and businesses alike. While many people tend to focus on understanding how and why they were targeted by such breaches, there’s a larger, more pressing question: What is the true financial impact of a cyberattack? According to research by Cybersecurity Ventures, the global cost of cybercrime is […]
A previously unknown ransomware gang has been attacking Russian businesses with malware based on the leaked source code from the Conti hacking group. The gang, which researchers at the Moscow-based cybersecurity company F.A.C.C.T. have dubbed “Muliaka,” or Muddy Water in English, has left minimal traces from its attacks but has likely been active since at […]
European & US-based businesses are on high alert due to a recent ransomware strain known as “DoNex,” which has been actively infecting networks and taking victims. Cybersecurity professionals are working nonstop to comprehend the entire extent of the attack and create countermeasures in response to this emerging threat. Several companies have been listed as victims […]
Over three-quarters of cyber incidents impacted small businesses in 2023, with ransomware having the biggest impact on these firms, according to a new Sophos report. The notorious LockBit group made up the highest number of small business ransomware incidents handled by Sophos Incident Response last year, at 27.59%. LockBit infections were considerably higher than the […]
As we enter 2024, ransomware remains the most significant cyberthreat facing businesses, according to Malwarebytes. Malwarebytes reveals that the United States accounted for almost half of all ransomware attacks in 2023. “Small and medium-sized organizations face a deluge of cyber threats daily including ransomware, malware and phishing attacks. This new data spotlights the pervasive cat-and-mouse […]
Nearly half of businesses reported a growth in synthetic identity fraud, while biometric spoofs and counterfeit ID fraud attempts also increased, according to AuthenticID. Consumers and businesses alike are facing new challenges in today’s digital existence, from considering the ramifications of digital identity to grappling with the use and prevalence of new tools like generative […]
An Iran-linked hacking group with a history of targeting Albanian state agencies and businesses said on Thursday that it was behind an attack on the country’s Institute of Statistics (INSTAT), which is responsible for census information and other official statistics. Due to the “sophisticated” cyber incident that affected INSTAT’s official website and email service, the […]
Some 33,000 small and medium-size businesses in Israel experienced some form of cyberattack last year, with 7,000 suffering major damage. New data from the Small and Medium Business Agency at the Israeli Ministry of Economy and Industry shows that 5% of surveyed businesses reported they had suffered some form of cyberattack. The smallest businesses — […]