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…
Ransomware Assaults on Financial Institutions Spike, Highlighting Evolving Cyber Threats In a concerning trend, financial institutions worldwide reported an average loss of $6.08 million in 2024 due to ransomware attacks, marking a 10% increase from the previous year. This alarming data, released by security professionals at Hunt.io, sheds light on…
Cybercrime, Fraud Management & Cybercrime In Recent Cybercrime Developments, BreachForums Marketplace Claims Resurgence Branded as Deceptive Mathew J. Schwartz (euroinfosec) • April 21, 2025 Image: Shutterstock A well-known online cybercrime marketplace, Cracked, has announced that it has resumed operations. This development follows the recent disruption of the BreachForums marketplace, leading…
In 2024, organizations globally incurred a staggering $813 million in payments to cybercriminals due to ransomware incidents. This substantial figure underscores the heavy financial toll that cybercrime exacts on businesses. A notable example includes the December 2024 cyberattack on Rhode Island, where state officials succumbed to a $5 million ransom…
Ransomware attacks have evolved into a major threat within the cybercrime landscape, predominantly characterized by hackers encrypting essential databases and demanding payment for access to decryption keys. This method of cyber extortion has already inflicted considerable disruption across various industries. However, cybercriminals continue to innovate and refine their tactics, becoming…
Cybercrime, Fraud Management & Cybercrime, Incident & Breach Response Oracle Refutes Cloud Breach Claims, Attributes Hack to Outdated Servers Anviksha More (AnvikshaMore) • April 10, 2025 Image: Shutterstock / ISMG Each week, Information Security Media Group compiles reports on cybersecurity incidents and breaches from around the globe. Recent highlights include…
Fraud Management & Cybercrime, Healthcare, Industry Specific Sen. Mark Warner Raises Concerns Over Oracle’s Role Amidst Security Breaches Marianne Kolbasuk McGee (HealthInfoSec) • April 9, 2025 Image: TikTok Concerns regarding Oracle’s potential acquisition of TikTok from its parent company, ByteDance, have been amplified following the software company’s two significant data…
Artificial Intelligence & Machine Learning, Fraud Management & Cybercrime, Next-Generation Technologies & Secure Development Hoxhunt Forecasts Rise of AI-Driven Phishing Solutions Rashmi Ramesh (@rashmiramesh_) • April 7, 2025 Artificial intelligence has advanced beyond its initial capabilities in games like chess and Go and is now effectively outperforming human red teams…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime, Governance & Risk Management New Evidence Emerges of Chinese Cyber Operations Targeting Ivanti Products Jayant Chakravarti (@JayJay_Tech) • April 4, 2025 Image: Shutterstock A recent investigation has revealed that a suspected cyberespionage group from China has been targeting Ivanti’s VPN appliances, installing…
