A further breakdown of the overall figures shows that, in all, the actual cost hinges on a number of variables. The factors that enter heavily into the equation include attack types and their frequency, along with the organization’s size and even the country in which an organization is based.
According to US authorities, the enterprise aimed at becoming the premier destination for the buying and selling of stolen payment card data and forged identification documents. It is believed that the losses that the Infraud Organization had intended to cause were north of $2.2 billion.
A poorly-secured password reset utility allowed a man to access more than 1,000 email accounts at a New York City-area university in a hunt for sexually explicit photographs and videos.
US authorities have charged a 28-year-old Ohio man who is alleged to have created and installed creepy spyware on thousands of computers for 13 years.
A US judge has sentenced a Nigerian man to three years and five months in a federal prison after he pleaded guilty to taking part in a business email compromise scam that targeted organisations around the world.
The association expects the increased costs incurred in security breaches to come both from traditional areas, such as network cleanup and customer notification, and newer areas such as litigation.
Clarksons, the global shipping firm, has turned the tables on criminal hackers who attempted to extort a ransom payment after stealing confidential information from the company’s network.
Exactly how does the attack work and is it expensive to create? The attack, while seeming to be technology voodoo, is actually rather simple. It requires a transmitting relay near the key and a second relay near the car to receive the relayed signals and mimic the key.
Image-hosting website Imgur discovered at the end of last week that hackers broke into its systems in 2014, and stole the account details of some 1.7 million registered users.
Between approximately July 23 and 29, Mesri reportedly engaged in his blackmail campaign. After the TV network didn’t pay the required $6 million in digital cryptocurrency, he began leaking portions of the stolen data on July 30.
Cyber vulnerability hoarding? The US government publishes its Vulnerabilities Equities Policy (VEP) and describes the process by which cyber flaws found by agencies such as the NSA are handled.
The high level of fear of cybercrime dovetails with the self-reported rates of victimization, as 25% of the respondents reported that their personal information or that of their household member has been stolen by hackers over the past 12 months.
Relating the collaboration between ESET experts and the FBI about the Windigo’s operation, which ended with the sentencing of Maxim Senakh.
Other cosmetic surgeries who wish to avoid hackers damage their public image would be wise to invest properly in security now, or face the consequences later.
The US Department of Homeland Security and FBI have warned that hackers are actively targeting government departments, and firms working in the energy, nuclear, water, aviation, and critical manufacturing sectors.
The UK National Lottery website and smartphone app are taken offline as a DDoS attack strikes.
Credit reporting agency Equifax has revealed more details of just how many people are affected in the UK, as consumers are warned of the risk of phishing attacks.