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Fraud Management & Cybercrime, Incident & Breach Response Oracle Refutes Cloud Breach Claims, Attributes Hack to Outdated Servers Anviksha More (AnvikshaMore) • April 10, 2025 Image: Shutterstock / ISMG Each week, Information Security Media Group compiles reports on cybersecurity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…
Google Calendar has become a popular tool for organizing online meetings, scheduling events, and dispatching reminders. However, this ubiquitous platform is now being exploited by cybercriminals who are using it as a vehicle for orchestrating phishing scams aimed at stealing sensitive information from unsuspecting users. In a typical attack, cyber…
Cybercrime, Fraud Management & Cybercrime Hackers Allegedly Offer Stolen ‘Highly Sensitive’ Data for Sale David Perera (@daveperera) • March 31, 2025 Image: Shutterstock Check Point, an Israeli cybersecurity firm, has denied claims made by hackers on BreachForums regarding a successful cyberattack that allegedly resulted in the theft of “highly sensitive”…
Cybersecurity Incident Roundup: $13M Abortive Abracadabra Hack and More In a significant breach impacting the decentralized finance (DeFi) landscape, a vulnerability in the smart contracts of the Abracadabra/Spell protocol allowed hackers to make off with approximately $13 million worth of Ethereum (ETH) tokens. This theft marks a sobering continuance of…
