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…
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…
