A survey by Statistics Canada has found the cost of being hit with a cybercrime has risen substantially and creates burdensome business overheads. The survey, titled “The Changing Landscape of Cyber Security Following the COVID-19 Pandemic,” found the average cost of dealing with a cybercrime rose to $19,000 in 2021, compared to $11,000 just two…
Cybercrime Getting More Costly for Businesses, StatCan Survey Shows
A survey by Statistics Canada has found the cost of being hit with a cybercrime has risen substantially and creates burdensome business overheads. The survey, titled “The Changing Landscape of Cyber Security Following the COVID-19 Pandemic,” found the average cost of dealing with a cybercrime rose to $19,000 in 2021, compared to $11,000 just two…
Federal Agency Confirms It Was Hit in Massive Cyberattack
The Department of Health and Human Services (HHS) said that hackers have targeted it as part of a global cyberattack that exploited a software flaw. In a statement to news outlets Thursday, the agency said that “no HHS systems or networks were compromised,” adding that “attackers gained access to data by exploiting the vulnerability in…
Russian Hacking Group Claims Execution of Reddit Attack, Threatens Leaking Censorship Data
Social media site Reddit reported a hacking incident for which the ALPHV Russian ransomware group has now claimed to be the perpetrator. The group threatens to leak censorship and other sensitive, stolen information in relation to Reddit if the company does not pay $4.5 million. Reddit had reported the data breach on February after an…
NCA Boss Says Agency Had No Power to Prosecute Russian Cyber Gang
Russian hackers who were sanctioned for targeting hospitals during the COVID-19 pandemic couldn’t be prosecuted because the National Crime Agency (NCA) lacks the legal power, the head of the agency said. NCA Director General Graeme Biggar told a joint committee of parliamentarians that the agency would “very much like” its extraterritorial jurisdiction expanded so it can…
Russian National Charged for Alleged Ransomware Extortion From US, Foreign Businesses
A Russian hacker has been arrested and charged for allegedly deploying malicious software to dozens of computers and launching cyberattacks against multiple businesses in the United States and abroad. Ruslan Magomedovich Astamirov, 20, of the Russian-controlled Chechen Republic, was arrested and charged in Arizona on June 15 with conspiring to commit wire fraud and conspiring to intentionally damage…
City of Dallas Hit by Ransomware Attack, Multiple City Services Impeded
The City of Dallas in Texas was hit with a ransomware attack on Wednesday, which has impeded multiple government services, according to the city government. “Wednesday morning, the City’s security monitoring tools notified our Security Operations Center (SOC) that a likely ransomware attack had been launched within our environment,” the city said in a media…
FBI Reports Over $10 Billion in Losses From Online Scams in 2022
Over $10 billion in losses from online scams were reported to the FBI’s Internet Crime Complaint Center (IC3) in 2022—the highest number in the last five years. Over 480,000 Americans suffered financial losses. Though the number of impacted scam victims increased only moderately (13,000 up from 2021), the accumulated financial losses expanded by $3 billion….
Food Giant Dole Says It Was Hit With Ransomware Attack
Food processing giant Dole Food Company confirmed this week it was the victim of a “cybersecurity incident that has been identified as ransomware,” according to a news release. “Upon learning of this incident, Dole moved quickly to contain the threat and engaged leading third-party cybersecurity experts, who have been working in partnership with Dole’s internal teams…
Florida State Court System, US, EU Universities Hit by Ransomware Outbreak
LONDON/WASHINGTON—A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe, according to a Reuters analysis of ransom notes posted online to stricken servers. Those organizations are among more than 3,800 victims of a fast-spreading digital extortion campaign that locked up thousands of servers…
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