Based on the US Federal Bureau of Investigation’s 2021 Internet Crime Report, there were 847,376 cybersecurity complaints last year, representing almost $7 billion in business losses. That number is an increase from 301,580 claims representing $1.4 billion in losses in 2017. All this even though businesses and governments spend billions of dollars to fight these attacks. Microsoft alone spends about $2 billion annually to address cybersecurity. Why then, despite the big brains and big budgets
There will be no let-up in ransomware attacks, as it has proven to such a profitable business model of cybercriminals. The cybersecurity landscape is evolving, and many businesses do not understand how to keep their defenses ahead of the attackers. While major corporations can spend as much as $1 billion a year, many small companies may not have the budget to hire a cybersecurity vendor to help them keep up with all the technology available needed to deter hackers. The loss of just a few thou
We have all been told not to take candy from strangers. The FBI is warning not to take USB's from them either. The FBI has recently warned a new campaign is targeting businesses from the infamous Fin7, or Carbanak Group. Also known as the Navigator Group, the cybercriminals have been tied to more than $1 billion in fraud. The group has a history of infecting point-of-sale devices with malware and using them to steal payment card information.
Researchers at Trustwave SpiderLabs disclosed an attac
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