U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury
U.S. financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian ...
cyber crime News
U.S. Charges Russian ‘Evil Corp’ With Fueling a Decade of Bank Hacks
The U.S. unveiled charges and sanctions against members of a hacking entity calling itself Evil Corp that authorities said was behind some of the worst computer hacking and bank fraud schemes of the ...
Small and Midsize Businesses at Higher Risk of Cyber Attack, Chubb Warns
Small and midsize businesses are much more likely to experience cyber attacks than large companies. In fact, 62 percent of all cyber crime targets are small and midsize businesses. It costs, on ...
EU Mulls Cyber Crimes Sanctions as China, Russia Activity Raises Concerns
The European Union is looking to get tough on cyber crimes. Technocrats representing the EU's 28 governments will meet in Brussels on Friday to discuss expanding the bloc's sanctions regime to punish ...
Cryptocurrency Thefts and Scams Reached $1.7B in 2018: Report
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace ...
Report: Cyber Crime Ring Planning Massive ATM Thefts
An organized crime ring is likely to attempt a "large-scale theft" of cash from U.S. ATMs in coming days, a closely watched cybersecurity website reported. The Federal Bureau of Investigation has ...
Cyber Crimes Are Growing and Getting More Complex in Europe
Attempts at digital espionage and online political manipulation in Europe are on the rise both in number and in complexity, the Netherlands' main intelligence agency said Tuesday [March 6] in its ...
Millions of Devices in Europe Are Still Vulnerable to Cyber Attack: Report
A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major ...
Cyber Risk Rating Principles Emerge From U.S. Banks, Others
More than two dozen U.S. companies, including several big banks, have teamed up to establish shared principles that would allow them to better understand their cybersecurity ratings and to challenge ...