Cybersecurity Landscape Faces Challenges Despite Increased Spending In an era where global information security expenditures are expected to soar to $215 billion in 2024, a concerning trend emerges regarding the effectiveness of current security measures. According to a recent survey conducted by Gigamon, 44% of Chief Information Security Officers (CISOs)…
Artificial Intelligence (AI) is transforming society in numerous beneficial ways, yet it has also become a tool exploited by cybercriminals to perpetrate nefarious activities. Threat actors, both seasoned and novice, leverage AI to enhance their data-gathering capabilities and to generate convincing phishing communications, thereby streamlining their malicious endeavors. As a…
New AI-Enhanced Malware Poses Threat to Cryptocurrency Users Recent advancements in the capabilities of the Rhadamanthys information stealer highlight a significant escalation in cybersecurity threats, particularly for cryptocurrency users. The malware, first identified in the wild in September 2022, has incorporated artificial intelligence (AI) to enhance its functionality. This includes…
In an alarming development, the capability of real-time deepfakes has expanded far beyond high-profile individuals and public personalities. Research conducted at New York University by Mittal in collaboration with professors Chinmay Hegde and Nasir Memon introduces a possible solution to combat AI-generated impersonations in video calls. Their proposed approach involves…
An analytical review of cyber claims trends from Allianz. Cyber claims have shown a notable rise over the past year, significantly fueled by an increase in incidents related to data and privacy breaches, as stated by Allianz Commercial in its latest annual report on the cyber risk outlook. The frequency…
IBM’s 2024 Cost of a Data Breach Report Indicates Growing Threats and Rising Costs In a recent release, IBM (NYSE: IBM) unveiled its annual Cost of a Data Breach Report, highlighting a staggering increase in the global average cost of data breaches, which surged to $4.88 million in 2024. This…
In recent weeks, a significant wave of social engineering attacks has emerged, targeting users of Gmail worldwide. Reports indicate that many individuals have received fraudulent phone calls from impersonators claiming to represent Google Support. These calls, which utilize advanced AI technology, are designed to deceive users into revealing their account…
In this week’s cybersecurity newsletter, we bring you a comprehensive overview of the current threats facing organizations globally, focusing on the latest cybersecurity incidents and the mitigation strategies that business owners should be aware of. The digital landscape is continually evolving, and understanding these threats is crucial to safeguarding sensitive…
As the browser becomes the dominant workspace in enterprises, it is increasingly exploited by cybercriminals as a key attack vector. Various threats ranging from account takeovers and phishing attacks to malicious browser extensions highlight the browser’s role in compromising sensitive data and breaching organizational systems. Security professionals tasked with developing…
