What are some common strategies cybercriminals employ in extortion schemes and how can you mitigate the chances of falling victim to a cyber-shakedown? When it comes to coercing people into parting with their money, cybercriminals seem to have an endless bag of tricks to choose from. There are some tricks, that they favor more than others, … More 5 ways cybercriminals can try to extort you
The extortionists attempt to scare the targets into paying by claiming to represent some of the world’s most notorious APT groups. Over the last few weeks, a cybercrime group has been extorting various organizations all over the world by threatening to launch distributed denial-of-service (DDoS) attacks against them unless they pay thousands of dollars in Bitcoin. The … More DDoS extortion campaign targets financial firms, retailers
Several services, including the national revenue agency, had to be shut down following a series of credential-stuffing attacks. Cybercriminals set their sights on the Canadian government at the beginning of August, when several government services were disabled following a series of cyberattacks. On August 15, the Treasury Board Secretariat announced that approximately 11,000 online government … More Cyber attacks: Several Canadian government services disrupted
Armed with personal data stolen from the hotel’s dining reservation system, fraudsters trick guests into handing over their credit card details. The Ritz London has launched an investigation into a potential data breach that affected its food and beverage reservation system. The information stolen in the breach seems to have been used by fraudsters to … More Ritz London clients scammed after apparent data breach
The price tag is higher if the incident exposed customer data or if it was the result of a malicious attack, an annual IBM study finds. The average cost of a data breach has declined by 1.5% year-over-year, costing companies US$3.86 million per incident, according to IBM’s 2020 Cost of a Data Breach Report. The annual … More What is the cost of a data breach?