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…
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…
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…
Data Breach Notification, Data Security, Fraud Management & Cybercrime Cyber Attacks Target Maryland Medical Group and California Hospital, Resulting in Massive Data Theft Marianne Kolbasuk McGee (HealthInfoSec) • April 25, 2025 Frederick Health is alerting 934,326 patients about a ransomware incident from January that compromised their data. (Image: Frederick Health)…
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…
The Federal Bureau of Investigation (FBI) has unveiled its Internet Crime Report for 2024, highlighting a remarkable escalation in losses attributed to cybercrime, which now stand at approximately $16.6 billion. This staggering sum stems from a wealth of complaints received by the Internet Crime Complaint Center (IC3), which operates as…
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…
