Dive Brief: The majority of companies, 4 in 5, have suffered a cyberattack that wasn’t fully covered under their cyber insurance policy, according to an analysis by cyber risk quantification firm CYE. On average, each insurance gap left more than three-quarters of a breach uncovered, CYE said in a report released Wednesday. The research, which analyzed […]
Impersonated accounts on X (formerly Twitter) have been blamed for the majority of cryptocurrency phishing attacks last month, with victims losing almost $47m. Anti-fraud specialist Scam Sniffer claimed in its monthly Scam Sniffer Phishing Report that cybercriminals stole nearly $46.9m from just over 57,000 victims. Most of these individuals were lured to phishing sites by […]
Today’s pervasive cyberattacks are forcing the majority of companies to pay ransoms and break their ‘do not pay’ policies, with data recovery deficiencies compounding the problem, according to Cohesity. In fact, most companies have paid a ransom in the last two years, and the vast majority expect the threat of cyberattacks to increase significantly in […]
Dive Brief: The vast majority of U.S. companies, 96%, were targeted with at least one payment fraud attempt in the past 12 months, according to automated fraud prevention services provider Trustpair, which surveyed more than 260 senior finance and treasury leaders. The fraud attempts mark a 71% increase from the prior year as criminals stepped […]
The attack exploits weaknesses in the SSH transport layer protocol and encryption modes used by a majority of current implementations, making it a significant concern for the cybersecurity community.
Nearly half (47%) of global CISOs now report to their CEO, and the vast majority (78%) are backed by a board-level cybersecurity committee, signalling the growing influence of cyber risk management in organizations. The findings come from Splunk’s 2023 CISO Report, which was compiled from a survey of 350 CISOs and other security leaders in […]