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 […]
Audio Deepfake Scams Cost Companies Millions Read More »
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
Americans Tricked Out of a Record $5.6B in Crypto Scams in 2023 Read More »
Nearly 1 million Medicare beneficiaries in Wisconsin are the latest potential breach victims as the list of MOVEit victims coming forward continues to grow. Progress Software, the developer of MOVEit, discovered and disclosed the breach on May 31, 2023, but it wasn’t until recently that the Wisconsin Physicians Service Insurance Corporation (WPS)—a Centers for Medicare
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
Data Breach Victims Top 1 Billion During First Half of 2024 Read More »
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
Unprecedented data breach exposes 2.9 billion Social Security numbers Read More »
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
75 percent of people have had their personal health information exposed Read More »
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
Lessons to be Learned from the Latest Cybersecurity Breaches Read More »
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
The Massive Snowflake Data Breach: One of the Largest in History Read More »
Popular antivirus software Kaspersky banned in the U.S. and consumers have until September 29, 2024 to find an alternative. This follows a June ban by the Biden administration of the anti-virus software from Kaspersky Lab, Inc., the U.S. subsidiary of a Russ-based anti-virus software and cybersecurity company. The official notice, released June 20, gave Kaspersky
Popular antivirus software Kaspersky banned in the U.S. Read More »
It’s getting tougher to identify a phishing attack with AI technology boosting the frequency and sophistication of phishing schemes. According to recent research by a group of Harvard professors and cybersecurity experts, 60% of participants fell victim to artificial intelligence (AI)-automated phishing, which is comparable to the success rates of non-AI-phishing messages created by human
AI Boosting the Frequency and Sophistication of Phishing Schemes Read More »