It is estimated that more than half of the US workforce has transitioned to remote working. With more people working from home businesses are way more vulnerable. This has really increased overall cybersecurity spending for companies. 58% of companies represented in a recent Microsoft survey have increased their cybersecurity budgets in response to the pandemic. Companies have […]
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Entries by Michael Goergen
Cybercriminals are attacking businesses like never before, and they have way more of an interest in the financial services sector than in past years. The pandemic has caused difficult financial situations for many, that includes cybercriminals too, which is why they have their targets locked on the most lucrative sector. Remote work is part of […]
Banks and other financial service-related businesses are spending 15% more this year to defend against cybercrime. The pandemic and remote working are influencing this change in spending, and the number will keep increasing, a survey found. The average spending per employee in 2019 was $2,337. That number has increased to $2,691 per employee in 2020. […]
The financial services industry is one of the most targeted out of all industries for cybercriminals. It is the most lucrative industry for cybercriminals to attack, which is why it is the most important to defend. These are a few of the biggest cyberattacks in recent years. The Capital One Data Breach In March of […]
Ransomware attack on Tesla A Tesla employee working in a Gigafactory in Nevada was offered a $1 million bribe to help a hacker install malware into the Tesla computer systems. The hacker who has since been arrested is a Russian citizen by the name of Egor Igorevich Kruichkov. This attack was well planned out by […]
Colleges around the nation have dealt with an increase in pandemic-related cyberattacks. Colleges have always been a target for many cybercriminals as they hold a lot of sensitive information and research, which are valuable on the dark web. With the increase in attacks, many college security chiefs say the real challenge is educating professors and […]
Possibly one of the most underrated catalysts for a cyberattack is the insider threat. Many companies do not account for the damage that an insider threat could do. An insider threat can be anyone with access to an organization’s network, like employees, contractors, business associates, or friends. Insider threats are the biggest contributors to cyberattacks, […]
A new report by Malwarebytes wanted to investigate the new normal of working from home (WFH). They measured the immediate reaction to the pandemic and also businesses’ future cybersecurity strategy. The cybersecurity company surveyed more than 200 executives and managers in IT and cybersecurity roles at US companies. Organizations’ challenges to remote working Switching to […]
The hacking group called REvil ransomware, who have hacked numerous million-dollar companies, have hacked and encrypted Brown-Forman. Brown-Forman is a top U.S. based liquor maker with brands like Jack Daniels, Finlandia Vodka, Early Times, and Old Forester. The REvil gang reportedly had access to Brown-Forman’s systems for over a month. They were able to completely […]
The COVID-19 pandemic has increased the need for cloud computing services. Companies are racing to meet the demand for cloud computing tools needed for their remote workers. While also battling the rising costs of the cloud. There are a lot of company budgets being stretched as companies search for more affordable cloud costs. “The corporate […]
The cybersecurity training company SANS has fallen victim to a data breach. The attack started after a successful phishing scam against one of SANS employees. The breach compromised over 28,000 records of personal identifiable information, like names, emails, phone numbers, and addresses. No sensitive information like credit card info or login credentials were exposed. The […]
Twitter could be paying a hefty fine to the U.S. FTC for its use of private information (phone numbers and emails) in targeted advertising campaigns. This fine comes after the FTC filed a complaint against Twitter for using “phone number and/or email address data provided for safety and security purposes for targeted advertising during periods […]
The US business travel management firm CWT just paid a $4.5 million bitcoin payment to hackers who stole terabytes of information. CWT claims that the hackers stole sensitive corporate files and put 30,000 computers offline. CWT represents more than 1/3 of companies on the S&P 500, which makes them a very valuable target for hackers. […]
The healthcare industry has been one of the most targeted industries during the COVID-19 pandemic. With cybercriminals trying to steal COVID vaccine-related information or disrupt hospital operations in the hope of receiving a quick ransom payment. The healthcare industry currently has the largest number of cybersecurity openings of any other industry. Researchers have said that […]
It is estimated that more than half of the US workforce has transitioned to remote working. With more people working from home businesses are way more vulnerable. This has increased the need for cybersecurity-related positions. According to LinkedIn, there were 261 thousand open cybersecurity positions in April, 244 thousand in May, and 348 thousand in […]
There are more connected cars on the road every year than ever before. Even though these cars make everyday life more convenient for consumers, they are way more likely to be targeted in a cyberattack than traditional cars. It is estimated that connected car cyberattacks have doubled in the last year alone. The average connected […]
In late July, a threat intelligence team found a vulnerability in themes by Elegant Themes. The themes were Divi, Extra, and the WordPress plugin, Divi Builder. These products combined are downloaded on over 700,000 websites. The vulnerability allowed attackers the ability to upload PHP files onto any website with the programs downloaded. The attackers also […]
The GPS company Garmin became the victim of a ransomware attack late July. The suspected hackers, known as EvilCorp, encrypted a lot of company data and attached a ransom note to each file. The ransom note had directions to email one of two email addresses to get a price for the encrypted data. Garmin confirmed […]
Several CISOs have said that their cybersecurity budget comes from the ROI and contribution it adds to the business. Making sure the business is secure while creating growth and profit is what makes cybersecurity a business decision.
Blackbaud, one of the largest providers of fundraising technology to nonprofits, universities, and other charities was hacked. After a ransomware attack left important data encrypted, Blackbaud was forced to either pay the ransom or let the data be sold to other cybercriminals. Blackbaud paid in Bitcoin and received confirmation that the data was destroyed. It […]
Twitter demonstrated an example of the biggest cybersecurity threat that companies cannot defend against. The companies own employees.
The navigation company became the victim of a ransomware attack on Thursday. The attack left many Garmin systems offline, including fitness apps, aircraft navigation systems, and customer service centers. Garmin factories even had to close production lines.
Data leaks that occur today may not even be harmful for years to come. With personal information being sold, traded, and bought all over the dark web, long term security issues can emerge. Private information gathered throughout the next 5 years could help cyberattack hold an entire business network hostage.
Cybersecurity budgets are usually the first to get cut, even in a pandemic when phishing attacks have increased more than 600%. One of the biggest issues that companies are facing is the lack of funds for an up-to-date cybersecurity team/program.
Researchers at a cyber security company have published a report that shares the details of these dark web data auctions. Once the data is put up for auction, anyone with dark web access can bid on it. No identity proof is required, only a simple CAPTCHA checkpoint. The highest bid must be paid in cryptocurrency, which is untraceable.
A cyber-attack targeting a major power grid could completely shut down an entire economy. The attack could be so widespread that it could knock out the power for many large cities, resulting in disastrous damages.
There have been more than 100 law firms that have reported data breaches since 2014. Since about 20 states do not require that law firms report data breaches, that number is definitely higher.
Most of the reported breaches occurred through phishing attacks, with some through hacking or security lapses.
There is a new type of malware that has recently appeared on Android phones throughout the world. The malware can steal personal information, bank details, and can read your text messages. Once the phone is infected, it uses the users contact list to spread itself through text messaging.
Many popular twitter accounts have been hacked in a giant bitcoin scam. The accounts include Bill Gates, Elon Musk, Jeff Bezos, Apple, Uber, Kanye West, and many more. The twitter accounts seemed to all be simultaneously hacked, as the tweets were all identical and carried out at the same time.
After auditing dark web forums and marketplaces for 18 months, the report found a 300% increase in the number of stolen account logins since 2018. Now there are 15 billion stolen usernames and passwords from over 100 thousand data breaches.
Conducting cyber security training more frequently than others does not mean less security incidents, according to a report by security software company, Tessian.
With today’s huge increase in phishing attacks. Many organizations still do not provide regular cybersecurity awareness training, some don’t even have a security solution.
These cyber threats are both foreign groups trying to steal coronavirus related information and cybercriminals trying to exploit users working from home. Health agencies have reported an increase in cyber threats as well, as they are a very profitable target for cyber criminals.
The stolen data includes information on employee and customers, first and last names, emails and usernames, and hashed passwords. In other words, a fortunes worth of information for a hacking group.
Experts are predicting the largest cyberattack ever in the next 6 months. Here’s Why.