Tag Cybercrime

Public-Private Partnerships Essential in the Battle Against Cybercrime

Cybercrime, Events, Fraud Management & Cybercrime FBI’s Sanjay Virmani on Recent Takedowns Tom Field (SecurityEditor) • May 2, 2025 Sanjay Virmani, Special Agent in Charge, FBI, San Francisco Establishing strong collaborations with private sector entities and international partners is crucial in the fight against cybercrime, emphasizes Sanjay Virmani, the Special…

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Employee Benefits Firm Reports 4 Million Impacted by 2024 Cyberattack

Significant Data Breach at Verisource Services Affects 4 Million Individuals On February 28, 2024, Verisource Services, an employee benefits administrator based in Texas, experienced a severe data breach, escalating the confirmed number of affected individuals to 4 million. This figure marks a drastic increase from the initial report of 1,382…

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The ‘Kudzu’ of Cybercrime: APAC Businesses Confront Disturbing Rise in System Breaches

Home > Fintech > The ‘kudzu’ of cybercrime: APAC businesses face alarming surge in system intrusions Businesses across the Asia-Pacific region face a significant escalation in data breach incidents attributed to an increasing reliance on third-party partnerships, leading to heightened vulnerabilities. A recent study by Verizon, titled the 2025 Data…

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Suspected Scattered Spider Leader Extradited from Spain

Cybercrime, Fraud Management & Cybercrime, Social Engineering Extradition of Tyler Buchanan, 23, to the U.S. by Spanish Authorities Akshaya Asokan (asokan_akshaya), David Perera (@daveperera) • April 25, 2025 Image: Hellen Grig/Shutterstock On Wednesday, Spanish officials extradited Tyler Buchanan, the suspected leader of the Scattered Spider cybercrime organization, to the United…

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Rise in Hacks Targeting Cloud Single Sign-On in 2024

Cloud Security, Cybercrime, Fraud Management & Cybercrime Hackers Deploying Infostealers for Data and Credential Theft Akshaya Asokan (asokan_akshaya) • April 24, 2025 Image: David G Hayes / Shutterstock In 2024, a notable increase in cyberattacks aimed at cloud infrastructures was documented, with malicious actors exploiting misconfigurations and single sign-on functionalities…

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Australian Businesses Prepare for Ransom Reporting Deadline

Fraud Management & Cybercrime, Geo Focus: Australia, Geo-Specific New Australian Legislation Mandates Reporting of Ransom Payments Jayant Chakravarti (@JayJay_Tech) • April 22, 2025 Image: Shutterstock Organizations in Australia are facing a deadline of approximately 40 days to comply with a newly enacted law that mandates the reporting of ransomware payments…

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