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Key Facts to Note During Fraud Awareness Week November 17-23

Identity theft is on the rise, with 842,000 cases reported to the FTC in the first nine months of 2024 and 290,000 cases reported in Q3 alone. If this trajectory continues, the total for the year will surpass last year’s numbers.  Since 2020, identity theft and credit card fraud have been the most common types […]

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Audio Deepfake Scams Cost Companies Millions

In 2023, imposter scams cost the U.S. $2.7 billion, with scammers posing as government officials, bank fraud agents, tech support, or even distraught friends or family members. AI is making these scams even more convincing, especially with the rise of audio deepfake scams, also known as voice cloning. It may seem harmless, but just a

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More than half of Americans have had personal data exposed by cyber criminals

More than half of Americans have had personal data exposed by cyber criminals on at least one of their accounts and 44 percent have had it happen to them multiple times. A recent U.S. News report focuses on the increasing number of cyber attacks targeting individuals. The “Digital Privacy Survey Report 2024” gathered responses from

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8 Key Insights for Cybersecurity Awareness Month

October is Cybersecurity Awareness Month, an opportune time to revisit the constantly changing state of cybersecurity in 2024 and beyond. With cyberattacks continuing to grow in frequency and complexity, they pose a significant threat to businesses, governments, and even democracy. The World Economic Forum’s Global Risks Report highlights just how serious these risks are, ranking

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Americans Tricked Out of a Record $5.6B in Crypto Scams in 2023

Americans were tricked out of a record $5.6 billion through cryptocurrency fraud in 2023, a 45% increase from 2022, according to a recent FBI report. Nearly 70,000 complaints were filed in 2023, with investment scams accounting for $3.96 billion of the losses, and the true figure may be much higher due to unreported cases. According

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Data Breach Victims Top 1 Billion During First Half of 2024

More than a billion people were hit by data breaches in the first half of 2024 —a jaw-dropping 1,170% jump from the same time last year. The latest Identity Theft Resource Center (ITRC) report has been released and the numbers are alarming.  Here are a few highlights from the H1 2024 Data Breach Report released

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Unprecedented data breach exposes 2.9 billion Social Security numbers

Every person in America may have had their Social Security numbers stolen and shared on the dark web in a massive National Public Data breach. The unprecedented breach involved 2.9 billion records, including names, phone numbers, and addresses. According to a class-action lawsuit filed in the U.S. District Court in Fort Lauderdale, Fla., a hacker

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75 percent of people have had their personal health information exposed

Three fourths of U.S. citizens have had their personal health information exposed by cybersecurity attacks since 2020. The health care sector is frequently targeted by hackers, with HealthEquity being one of the latest victims. The massive data breach affected 4.3 million people. HealthEquity detected the possible breach in late March and by June 10 confirmed

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Lessons to be Learned from the Latest Cybersecurity Breaches

Companies are looking at the lessons to be learned from the latest cybersecurity breaches. Data cloud company Snowflake has announced plans to make multi-factor authentication (MFA) mandatory for customers in light of recent attacks. The use of multi-factor authentication (MFA) could prevent as much as 80–90% of cyber-attacks, according to figures cited by the US

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Snowflake Security Breach

The Massive Snowflake Data Breach: One of the Largest in History

The Snowflake data breach that began in April 2024 is snowballing into one of the largest in history, impacting nearly 200 companies so far. The Montana-based data warehousing platform revealed that hackers had been attempting to access its customers’ accounts using stolen login details. The breach is linked to attacks on numerous companies with news

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